Uniswap Launches Unichain to Boost DeFi and Cross-Chain Liquidity

Uniswap has officially launched Unichain, its new Ethereum layer-2 blockchain, aimed at optimizing decentralized finance (DeFi) transactions.

The launch, announced by Uniswap Labs, enables developers to begin deploying applications, launching tokens, and integrating stablecoins. Regular users can now fund wallets, trade tokens, and provide liquidity using Unichain’s infrastructure.

Designed to address Ethereum’s scalability issues, Unichain promises fast transaction speeds and lower fees while maintaining a high level of decentralization. The platform is also built to support cross-chain liquidity, allowing assets to move seamlessly between different networks. According to Uniswap Labs, these features will provide a more efficient and accessible environment for DeFi users.

READ MORE:

Bitcoin’s Final Surge? Economist Predicts Massive Crypto Rally

Shortly after launch, leading US-based exchange Coinbase announced its support for Unichain through its Onramp service. This integration allows users to easily convert fiat to crypto and transfer USDC without fees, making it easier for participants to onboard into the ecosystem.

Uniswap Labs first introduced the concept of Unichain last month, emphasizing security and stability as key priorities before opening the mainnet to the public. As adoption grows, the platform is expected to play a significant role in expanding the DeFi landscape by offering a more seamless and cost-effective user experience.

Kosta Gushterov