UNI: Uniswap Labs unveils its own Layer 2 based on Optimism's OP Stack, Unichain

UNI: Uniswap Labs unveils its own Layer 2 based on Optimism’s OP Stack, Unichain

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  1. Uniswap Labs has announced the launch of Unichain, a Layer 2 blockchain based on Optimism’s OP Stack technology for faster and cheaper transactions.
  2. Unichain aims to improve liquidity and efficiency on Uniswap, by integrating with the Superchain network it offers blocks in just 200 to 250 milliseconds.
  3. The project introduces innovations such as a Secure Execution Environment (TEE) and plans a decentralized community verification network to enhance transaction security and speed.

Uniswap Labsknown for developing a market-leading decentralized exchange (DEX), Uniswaprecently unveiled its brand new Layer 2 blockchain project called Unichain.

This initiative aims to provide faster and cheaper transactionsand at the same time improves the liquidity of exchanges on the platform. The project is based on technology OPStack optimismtechnology framework it already uses Coinbase and other major companies in the industry for their own Layer 2 networks.

Unichain: a natural extension of the Uniswap ecosystem

Uniswap is today a key player in decentralized finance (DeFi), serving as a liquidity hub on the Ethereum blockchain. However, as the number of users increased, transaction costs and times on the Ethereum network also increased, causing a limitation in the user experience. It is in this context than Uniswap Labs took the initiative to create Unichaina layer 2 blockchain that promises to significantly improve transaction efficiency.

Unichainwhose launch on a private testnet was announced this Thursday, is part of a fundamental trend in the crypto sector: large platforms are building their own scaling solutions. That’s how Uniswap connects Coinbasewhich launched its layer 2 Baseor even OKX with X layer. Based on the OP Stack, Unichain is also part of the network Super chaina set of interconnected blockchains connected to Optimism.

interesting point Unichain will allow instead of $UNI in the bet make money on sequencers. The UNI token immediately reacted to the announcement, its price increased by more than 10%.

Why Unichain? Layer 2 fragmentation response

In recent years, layer 2 has multipliedbut this expansion has also sparked debates about fragmentation and user fatigue with too many options. Hayden AdamsCEO of Uniswap Labs, explains that this fragmentation is the result of a mismatch between infrastructure and real-world use cases.

There are many platforms out there, but few developers really try to take advantage of them.

WITH Unichainthe ambition is to position this network not only as a liquidity center on Ethereum, but as a DeFi center capable of connecting to multiple chains while benefiting from the Optimism ecosystem.

Key technological innovations for Unichain

The Uniswap Labs team in collaboration with Flashbotsresearch and development team focused on Ethereum, plans to integrate innovative technological features into Unichain. Among them we note the establishment of a secure execution environment (TEE)ensuring that transactions and codes are not tampered with. THE TEE enables greater transparency when planning transactions, building blocks in just 200 to 250 millisecondscompared to around 12 seconds on the Ethereum mainnet and 2 seconds on most layer 2s.

This drastic reduction in block creation time will have a significant impact, especially on reduction maximum extractable value (MEV)the phenomenon where automated bots trigger pending transactions in a blockchain queue. By speeding up the blocks, Unichain reduces the opportunities for these bots to profit from unfinished transactions.

Community validation and decentralization

Another central aspect of the project is community authentication network planned for 2025. The goal of this network is to strengthen the decentralization of the system by allowing full nodes to participate in block validation by token injection UNITED. This approach helps to limit the risks of malicious sequencers offering conflicting or invalid blocks, thereby avoiding delays in transaction finality and protecting users from the financial risks associated with interacting with unfinished blocks.

Unichain, a new era for Uniswap and DeFi

By launching Unichain, Uniswap Labs continues to innovate in the blockchain scaling solutions space. With reduced transaction costs and times, better security and a decentralized verification network, Unichain could well define the user experience in DeFi. By incorporating into Superchain networkUnichain also puts Uniswap in a strategic position to remain a key player in the crypto ecosystem.

The article UNI: Uniswap Labs Unveils Its Own Layer 2 Based on Optimism’s OP Stack, Unichain appeared first on Coin Academy

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