Uniswap Labs Launches Unichain Mainnet, Delivering Lower Fees And Faster Transactions
In Brief
Uniswap Labs has announced the launch of Unichain on the mainnet, delivering lower fees, faster transactions, and seamless interoperability, all while prioritizing decentralization.
Organization behind the decentralized exchange (DEX) Uniswap, Uniswap Labs, announced the launch of Unichain, its Layer 2 network, on the mainnet.
Unichain offers users and developers the opportunity to build and engage with a growing ecosystem of decentralized finance (DeFi) applications and tools. Developers can start deploying applications, create custom logic for swapping and providing liquidity with Uniswap v4, explore USDC and CCTP, and integrate stablecoins into their applications.
Users can move assets onto Unichain using a bridge through the Uniswap web application or wallet or by onramping with providers like Coinbase, Topper, or Transak. They can also use the token launcher on Unichain to create their own token or deploy contracts manually. As more projects begin deploying to Unichain in the coming weeks, users will have the chance to explore new applications. Additionally, users can swap tokens and provide liquidity by accessing Uniswap v2, v3, and v4 through the Uniswap web application and the latest version of the wallet.
According to the announcement, during its time on testnet, Unichain saw 95 million transactions and more than 14.7 million smart contracts deployed by the community in less than four months. Furthermore, nearly 100 well-known cryptocurrency products and protocols, including Uniswap, Circle, Coinbase, Lido, and Morpho, are already building on the network.
Unichain: Prioritizing Decentralization And Facilitating Seamless Cross-Chain Transactions
Uniswap Labs is committed to open, permissionless, and decentralized infrastructure, which is why Unichain is launching as a Stage 1 rollup. This version includes a fully functional proof system with support for permissionless fault proofs. In the near future, the Unichain Validation Network (UVN) will allow anyone to run a node and verify blocks, contributing to further decentralization of the chain.
Moreover, Uniswap Labs aims to make transactions across different chains seamless and efficient. To achieve this, the project has been working on enhancing interoperability through standards like ERC-7683, which ensures transactions are cheap, secure, and fast across the Ethereum Virtual Machine (EVM) and other platforms. Unichain is also built on the Superchain and will offer native interoperability when it goes live later this year, allowing for single-block message passing across the Superchain. Future upgrades are expected to improve block speed and finality, optimizing cross-chain transactions.
Notably, for on-chain markets to perform well, fast block times and low fees are crucial. Unichain delivers both, with 1-second block times and gas fees approximately 95% lower than those on Ethereum Layer 1. These features make decentralized finance (DeFi) transactions faster, cheaper, and more efficient. Looking ahead, upcoming upgrades, including Trusted Execution Environment (TEE)-based block building, will reduce block times to 250 milliseconds and introduce priority ordering, which will enhance market efficiency and minimize value lost to Maximal Extractable Value (MEV). Additionally, the Unichain Validation Network will support further decentralization and faster transaction finality.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
