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    Uniswap launches its own layer-2, Unichain

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    Uniswap Labs has launched Unichain, a new blockchain network, aiming to provide speedier, cheaper transactions to the Uniswap decentralized exchange. Currently in testing, Unichain also offers better interaction with various blockchain networks. The network forms part of Superchain, a Layer-2 solutions network developed by Optimism. Uniswap Labs and Across have proposed an upgrade to the Ethereum network for easier messaging across all Layer-2 networks. Unichain is also leveraging Flashbots’ Rollup Boost, a block-building platform, to add capabilities and manage the Maximum Extractable Value (MEV).

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    On October 10, Uniswap Labs announced the launch of Unichain, a new blockchain network, developed as an addition to Uniswap – the most used decentralized exchange (aka DEX). The Unichain is still in a test stage, but it’s expected to offer quicker and cheaper transactions. Also, it would interact better with blockchains of different networks.

    Unichain is intended to offer the cost and speed benefits of second-layer solutions (or L2s), with even better access to liquidity across different chains, and more decentralized operations, says Hayden Adams, CEO of Uniswap Labs.

    As of the announcement date, Uniswap boasts about $5 billion in total value locked (TVL) over upward of 25 different blockchain networks.

    Unichain is a part of a network called Superchain, developed by Optimism. This network comprises different Layer-2 solutions. Other networks on the Superchain include Coinbase Layer-2 Base and SNAXchain, which governs Synthetix’s decentralized perpetual exchange.

    Uniswap Labs plans to initially make blocks on Unichain in 1 second and aims to reduce this to less than 250 milliseconds, essentially creating almost instant transactions for the user.

    With Unichain, traders can also tap into liquidity from other Layer-2 networks on Optimism’s Superchain.

    Uniswap Labs, along with the cross-chain bridging protocol Across, has proposed an upgrade to the Ethereum network. This upgrade is meant to ensure smooth crossover messaging across all its Layer-2 networks. This is referred to as the ERC 7683 proposal.

    Also, Unichain is beefing up its capabilities with Flashbots’ Rollup Boost, a modular block-building platform. This allows Unichain to add more “plug-ins,” which are open-source designs.

    Currently, Rollup Boost extensions include the option to enable 250-millisecond blocks. It also has “verifiable priority ordering” which allows applications to control the Maximum Extractable Value (MEV). Flashbots specializes in shielding users from the negative aspects of MEV and ordering blocks in a way that maximizes profits for block builders.

    Source: Cointelegraph

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