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Uniswap unveils L2 network Unichain to enhance DeFi

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by A1

3 hours ago


Uniswap Labs announced the launch of the Unichain mainnet, their Ethereum-compatible layer-2 network, following four months of testing and over 100 million transactions.

Introduction to Unichain

The team behind Uniswap, known for its decentralized exchange, deployed the Unichain mainnet on an Ethereum-compatible layer 2. The network launch followed successful testing with over 100 million transactions processed.

Launch details and plans

The mainnet has started. Built on Optimism's OP Stack, Unichain is part of the 'Superchain' concept aimed at developing rollup technology in the web3 and financial ecosystem. It is designed to improve user experience and centralize fragmented liquidity, allowing Uniswap Labs to earn network fees.

Partnerships and future steps

Partnership with Transak will allow users to buy and sell digital assets using Transak's payment infrastructure. Unichain also plans future integration with other L2 networks to improve DeFi functionalities on its platform.

The launch of Unichain marks a significant step for Uniswap in enhancing DeFi technology. The development of such projects creates new opportunities for users and strengthens Ethereum's position in the world of decentralized finance.

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