Uniswap Launches Unichain: A New Layer-2 Blockchain Network

Uniswap Introduces Unichain

Uniswap, a leading decentralized exchange, has launched Unichain, an application-specific layer-2 blockchain network. Currently on testnet, Unichain promises faster, cheaper transactions and improved interoperability across blockchain networks. With nearly $5 billion in total value locked across 25 blockchain networks, Uniswap continues to drive innovation in the decentralized finance space.

Enhanced Speed and Cost Efficiency

Unichain is designed to deliver the speed and cost savings characteristic of layer-2 solutions, while providing better access to liquidity and increased decentralization. Initially, Unichain will feature 1-second block times, with plans to reduce them to less than 250 milliseconds, offering users a near-instant transaction experience.

Belonging to Optimism's Superchain

Unichain is a part of Optimism’s Superchain, an interoperable network of layer-2 scaling solutions. The Superchain includes other networks like Coinbase's Base and SNAXchain, which governs Synthetix's decentralized exchange. Base and Optimism currently hold approximately $2.25 billion and $625 million in total value locked, respectively.

Cross-Chain Integration and Upgrades

Uniswap Labs is collaborating with the cross-chain bridging protocol Across to propose an Ethereum network upgrade, ERC 7683. This proposal aims to standardize cross-chain messaging, enhancing synchronization across layer-2 networks. Additionally, Unichain is working with Flashbots to integrate Rollup Boost, a modular block-building platform that includes 250-millisecond blocks and verifiable priority ordering.

Protection Against MEV

Flashbots, known for mitigating the negative effects of Maximum Extractable Value (MEV), is partnering with Unichain to safeguard users against unfair block ordering practices. This collaboration ensures that block builders do not exploit traders, maintaining fairness and integrity within the network.