Uniswap has launched its own Layer-2 Unichain.
Uniswap, the most popular decentralized exchange (DEX), has launched its own application-specific layer-2 blockchain network, Unichain, developer Uniswap Labs announced on October 10.
Still, the application chain on the testnet promises to provide faster and cheaper transactions and improved interoperability across blockchain networks, Uniswap said.
“Unichain offers the speed and cost savings already enabled by L2s, but also provides better on-chain liquidity and greater decentralization,” Uniswap Labs CEO Hayden Adams said in a statement.
As of October 10, Uniswap commands nearly $5 billion in total value locked (TVL) across some 25 blockchain networks, according to industry statistics.
Source: Optimism
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Unichain is part of Optisism's Superchain, an enterprise-scale layer-2 network of solutions using Optisism's technology stack.
Other superchain networks include Coinbase's Layer-2 Base and SNAXchain, which powers Syntax's decentralized perpetual exchange.
According to Uniswap Labs, Unichain will initially feature 1 second block times. Ultimately, it plans to reduce block times below 250 milliseconds.
“This feels like a faster transaction experience for the user,” Uniswap Labs said.
Unichain allows traders to access liquidity from other layer-2 networks in Optimism's superchain.
SuperChain Networks Base and Optimism handle approximately $2.25 billion and $625 million in TVL, respectively, according to Defillama data.
Source: Flashbots
In conjunction with the Cross-Chain Bridge Protocol, Uniswap Labs proposes an upgrade to the Ethereum network designed to synchronize cross-chain messaging across all Layer-2s.
The proposal – codenamed ERC 7683 – aims to standardize messages known as “intense” messages on blockchain networks.
Unichen is also working with Flashbots to integrate Rollup Boost, a modular block-building platform designed to be incrementally extended with open source “plug-ins”.
Rollup optimization extensions currently include 250 millisecond blocks and a “guaranteed priority order”, which allows applications to enter the maximum egress value (MEV).
Flashbots are focused on protecting users from harmful aspects of MEV or ordering blocks to make developers profit at the expense of merchants.
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