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Uniswap Launches Unichain to Boost Speed and Efficiency for DeFi Transactions

  • Uniswap has launched Unichain, a new layer-2 (L2) chain designed to enhance DeFi transactions on the Ethereum mainnet.
  • Unichain features one-second block times, swap liquidity, and options for earning interest or borrowing against collateral.
  • Uniswap expects Unichain to generate approximately US$500M in annual revenue and redirect transaction fees away from Ethereum validators.
  • Uniswap Labs is also contributing to improved L2 interoperability by co-developing EIP-7683, a new intent standard for cross-chain swaps and unified liquidity bridges.

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