Uniswap Labs Launches Unichain, DeFi-Focused Ethereum Layer-2 on Optimism Tech Stack

Oct 10, 2024, 02:48 PM

Uniswap Labs has announced the launch of Unichain, a new Ethereum Layer-2 blockchain built on the Optimism tech stack. Unichain is designed to enhance the decentralized finance (DeFi) ecosystem by providing faster transactions, lower costs, and improved liquidity across chains. The new L2 network aims to address key challenges in DeFi, including reducing MEV (Miner Extractable Value) and improving user experience through fast block times of 250ms, cross-chain interoperability, and a decentralized validator network. Unichain is part of the Superchain, which includes other networks like the Coinbase-incubated Base. The collaboration with Flashbots and the integration of real-time data from Pyth Network are expected to further optimize performance and programmability. Uniswap's move is seen as a significant step in the appchain thesis, where individual applications launch their own chains to better manage load and performance. Additionally, Unichain has received day-one support from various partners.