Uniswap Labs has launched Unichain, its new Layer 2 blockchain, aiming to enhance the Ethereum ecosystem. The launch comes shortly after the introduction of Uniswap V4, marking another major development for the decentralized exchange. Following the announcement, UNI price saw increased volatility, with traders speculating on its potential impact.
Unichain Goes Live on Mainnet
Unichain, which was previously available in testnet, is now live on the Ethereum mainnet. Uniswap Labs developed the new network to address fragmentation issues and improve user experience. The company aims to create a smoother and more efficient decentralized trading environment for users across multiple chains.
Founder Hayden Adams stated that Uniswap has gained valuable experience from building a widely used decentralized exchange. He emphasized the importance of making cross-chain interactions more seamless.
“We’re entering a cross-chain world. How do we make that feel cohesive to users?” Adams said
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2025-02-11 18:57