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.