3 hours ago
Decentralized speech Uniswap‘s UNI token surged pursuing the announcement of Unichain, the platform’s Ethereum layer-2 network.
Data from CryptoSlate shows that UNI roseate implicit 12%, reaching $8.07—the highest it’s been successful 3 months. This emergence made UNI the top-performing integer plus successful the market, which different saw large tokens similar Bitcoin suffer astir 2% of their value.
As the governance token of Uniswap, a starring decentralized speech with implicit $2.4 trillion successful trading volume, UNI is ranked among the apical 25 integer assets by marketplace capitalization.
Unichain
On Oct. 10, Uniswap Labs unveiled Unichain arsenic a cardinal solution successful advancing Ethereum’s scaling roadmap.
Designed with DeFi users and protocols successful mind, Unichain is built connected the Optimism Superchain, an Ethereum layer-2 (L2) web utilizing Optimistic rollups.
Unichain promises one-second artifact times, delivering near-instant transaction speeds. This enhancement improves idiosyncratic experience, boosts marketplace efficiency, and reduces losses from miner extractable worth (MEV).
Furthermore, Unichain offers astir a 95% simplification successful transaction costs compared to Ethereum’s layer-1, with the imaginable for adjacent little fees successful the future.
Unichain besides plans to present a decentralized validation network, allowing nodes to verify blocks. This diagnostic volition adhd other information and trim the likelihood of conflicting oregon invalid blocks.
Unichain volition enactment seamless multi-chain swaps, ensuring accelerated and unafraid cross-chain transactions. As portion of the Optimism Superchain, it offers autochthonal interoperability portion adhering to standards similar ERC-7683 to marque cross-chain swaps smoother.
Unichain volition beryllium MIT-licensed to promote wide adoption of the technology. The network’s testnet is present live, with a mainnet motorboat expected soon.
Why L2s are importance
In the past year, the crypto manufacture has seen an influx of layer-2 solutions, with marketplace experts arguing that this has caused web fragmentation.
However, Uniswap Labs’ CEO Hayden Adams explained the value of aggregate L2 chains for scaling Ethereum, pointing retired that the “internet of worth can’t run connected a azygous chain.”
He stated:
“The net of worth can’t tally connected a azygous chain. Ethereum’s rollup-centric roadmap aims to standard by having galore L2 chains that seamlessly interface with each other. We are excited by this vision, and purpose to accelerate it.”
The station Uniswap introduces Unichain, sparking a 12% surge successful UNI token appeared archetypal connected CryptoSlate.
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