Uniswap’s new layer-2 blockchain is called Unichain and is part of the Optimism Superchain, a network of interoperable layer-2 scaling solutions.
The decentralized exchange Uniswap recently launched its own Layer 2 blockchain to enhance transaction speed and reduce costs.
Dubbed Unichain, the new network is part of the Optimism Superchain, which consists of interconnected Layer 2 blockchain networks built using the open-source OP Stack. Those networks are specifically designed to provide enhanced scalability, interoperability, and flexibility for decentralized application development.
The new app chain is still on testnet, but the DEX hopes that it will deliver faster and cheaper transactions and enhanced interoperability across blockchain networks once going live. The exchange claims Unichain will have additional benefits compared to other existing Layer 2 blockchain networks. Furthermore, Unichain will enable traders to access liquidity from other Layer 2 networks in Optimism’s superchain.
“Unichain will deliver the speed and cost savings already enabled by L2s, but with better access to liquidity across chains and more decentralization.”
Hayden Adams, Uniswap Labs’ CEO
Initially, Unichain will offer 1-second block times, with plans to reduce this to under 250 milliseconds, providing nearly instant transaction experiences, according to the firm’s statement. Through cooperation with partners like Flashbots and Across, Uniswap hopes to improve the blockchain’s cross-chain messaging features and enhance blockchain network communication.
Uniswap is one of the most popular decentralized exchanges (DEX) in the world, built on the Ethereum blockchain. It enables users to trade cryptocurrencies directly from their wallets without an intermediary.
