The post Uniswap Labs Launches Unichain Today: What is Unichain by Uniswap? appeared on BitcoinEthereumNews.com.

Uniswap Labs, the developer behind the highly popular decentralized exchange Uniswap and the famous Unicorn Uniswap (UNI) token, has unveiled the launch of Unichain today. But what is Unichain by Uniswap, and why was it created? This article will delve into the details of this Unsiswap launch. What is Unichain by Uniswap? Unichain on Superchain Uniswap has long been a dominant force in DeFi, and its new application-specific blockchain network, Unichain, further extends its influence. Leveraging the OP Stack technology from Optimism, Unichain is designed as a layer-2 blockchain that sits atop the Ethereum network, aiming to revolutionize the way users experience decentralized finance (DeFi) by offering faster, cheaper transactions with enhanced liquidity and interoperability. According to Uniswap Labs, Unichain will initially operate on a testnet but is expected to evolve into a key part of the broader Optimism Superchain. Unichain Roadmap As CEO Hayden Adams explains, the motivation behind Unichain is to address the demand for faster transactions and greater decentralization, helping Uniswap retain its position as a major liquidity hub in the DeFi space. With the capacity to facilitate transactions at speeds approaching 250 milliseconds per block, Unichain delivers a user experience that Adams describes as “near-instant.” Unichain Main Features Unichain Main Features 1- Faster Transactions and Reduced Costs One of the primary advantages of Unichain is its transaction speed. Ethereum’s mainnet currently processes blocks in around 12 seconds, while most existing layer-2 solutions bring that down to approximately two seconds. In contrast, Unichain has set a target of 250 milliseconds, which drastically improves transaction speeds and creates a more fluid trading experience. By reducing block times, Unichain not only accelerates user transactions but also minimizes opportunities for maximal extractable value (MEV) exploitation, a practice where bots front-run transactions for profit. Unichain is expected to reduce gas fees…

---

Filed under: News - @ October 10, 2024 6:26 pm