Uniswap Launches Layer-2 Unichain on Mainnet
After several months of testing, Uniswap has just released the new Unichain protocol on the mainnet. This feature will encourage cross-chain liquidity and overall efficiency of the company’s ecosystem.
Uniswap’s Uni token fell sharply last month, but the release created bullish momentum. Unichain’s TestNet has 95 million transactions deployed by the community over the past four months, with more than 14.7 million smart contracts.
UNISWAP launches Unichain
Unlock, Popular Ethereum’s Decentralized Exchangesseveral changes have occurred recently. Earlier this month, Launched the long-awaited V4 upgradeforeshadowed A new era of change.
Today, uniswap is following up on these changes, and finally release Unified on the main network.
“Unichain is built differently. We do it here defi Hayden Adams, Founder and CEO of Uniswap Labs release.
According to Uniswap, Unichain is a fast, decentralized L2 hyperchain that is said to revolutionize efficiency and liquidity on the protocol.
It will help Uniswap users better integrate with Defi with added cross-chain capabilities, and the company temporarily abandons fees to encourage further adoption.
So far, there has been one Unichain upgrade Positive impact of price on UNISWAP’s UNI tokens. company Testing Unichain begins in October 2024,this Immediately cause 10% spikes in Uni.
Its price has been steadily declining over the past few weeks, but this version has clearly generated some forward momentum.
However, this does raise an important question. If UNISWAP V4 causes disappointing gains, why is Unichain launches relatively bullish? The V4 upgrade was announced in June 2023, but Unichain has a much shorter cycle between announcement and release.
Perhaps the expectations of UNISWAP V4 are too high, and this is more like a sleeper. Of course, this version is also recent. The UNISWAP V4 MAINNET release also caused an immediate price increase, but disappeared at the end of the day.
In the long run, this update may have similar effects. But, for now, Unichain is here, it may increase participation in the DEX ecosystem.
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