Uniswap Launches Ethereum L2 Unichain, Calling It 'Fastest Chain in the Industry'
Uniswap has launched Unichain, a new layer-2 blockchain designed to enhance transaction speed for its decentralized finance (DeFi) platform. Unichain has processed over 88 million test transactions and aims to be the fastest chain in the industry. The mainnet is live, offering fast transactions with low fees and prioritizing decentralization. Uniswap Labs founder Hayden Adams emphasized the goal of making DeFi faster, cheaper, and permissionless. DeFi tools, including Uniswap's decentralized exchange, allow users to trade without intermediaries. Unichain addresses issues of high gas fees and slow transactions on Ethereum, providing one-second block times and 95% cheaper gas. Concerns exist regarding the potential long-term impact of layer-2 networks on Ethereum's market capitalization.
