Uniswap Labs launches Unichain, an Ethereum-compatible layer-2 network, after four months of testing and 100M+ on-chain transactions.
Hayden Adams, one of the co-founders of Uniswap, announced at X on February 11 that the company behind the decentralized exchange Uniswap distributed the mainnet for its much-anticipated L2 network, Unichain.
Over two weeks have passed since the initial release of Uniswap version 4, which occurred in the latter part of January. With the help of Optimism’s OP Stack, which is a blockchain development tool for decentralized finance applications, Uniswap was able to construct its layer-2 chain.
Uniswap has associated itself with Optimism’s “Superchain” concept, which is a roadmap meant to expand rollup technology throughout web3 and the wider financial sector.
OP Stack enabled this alignment. Coinbase and Kraken, two of the most prominent cryptocurrency exchanges, have both utilized Optimism’s development kit for their respective L2 chains, Base and Ink.
With the launch of Unichain, Uniswap Labs intends to improve the user experience, bring together the fragmented liquidity, and earn additional money through network fees.
Reportedly, the corporation will take approximately twenty percent of the fees that Unichain charges, which will assist in maintaining its operations and development.
Adams referred to Unichain as a stage 1 rollup, which indicates that the network was initially built with some centralized components in order to guarantee efficiency during its initial phase. On the other hand, he made a veiled reference to his intentions to further decentralize the chain in the months ahead.
Unichain updates incoming
According to a tweet from Adams, “It only gets better from here.”In addition, the co-founder of Uniswap Labs hinted at forthcoming enhancements, such as Flashbots, which would make it possible to have block times of less than one second and will enhance the transparency of transactions.
Additionally, Adams discussed working directly with Optimism to develop collaboration with other L2s, which would make it simpler to carry out swaps, move liquidity, and experience DeFi In order to ensure the safety of the blockchain and to facilitate staking, Unichain will utilize the Unichain Validation network.
The new L2 will provide UVN with an “additional layer of economic security and validation” by directing sixty-five percent of its net revenue to the organization.
According to Adams, during the four-month testnet phase that began in October 2024, Unichain launched with more than 80 projects and handled more than 100 million transactions. This phase lasted for 4 months.
In addition, the new L2 from Uniswap will integrate with Transak, which is a service provider that offers crypto on- and off-ramps. Through the cooperation, users will be able to participate in the buying and selling of digital assets through Transak’s payment infrastructure.
