Uniswap Labs announced the launch of Unichain, its own layer-2 blockchain network, on Oct. 10. Unichain, currently on testnet, aims to provide faster and more cost-effective transactions with improved interoperability between blockchain networks. Uniswap Labs' CEO, Hayden Adams, highlighted that Unichain will offer speed, cost savings, enhanced liquidity access, and decentralization. With nearly $5 billion in total value locked (TVL) across 25 blockchain networks, Uniswap is a significant player in the industry. Unichain is part of Optimism's Superchain, a network of layer-2 scaling solutions. It plans to reduce block times to less than 250 milliseconds for near-instant transaction experiences. Unichain will allow traders to access liquidity from other layer-2 networks within Optimism's superchain. Additionally, Uniswap Labs is collaborating with Across and Flashbots to enhance cross-chain messaging and integrate Rollup Boost for improved block-building capabilities. Read more AI-generated news on: https://app.chaingpt.org/news