Uniswap Launches Unichain, a Layer 2 Network on Ethereum

On October 10, 2024, Uniswap Labs launched #Unichain, a layer 2 network on Ethereum, built on Optimism technology. Unichain is expected to help reduce transaction costs, increase processing speed and improve liquidity across many different blockchains.

Unichain's testnet will be deployed soon with the support of Optimism Superchain, an alliance of layer 2 networks using Optimistic Rollup technology.

Unichain will not only be a layer 2 serving Ethereum's scaling needs, but also act as a liquidity hub for various networks, enhancing interoperability between blockchains.

One of the highlights of Unichain is the integration of Flashbots' Rollup Boost solution. This solution will help the network achieve a block generation speed of under one second right from launch.

Unichain Mainnet version is expected to launch in November 2024.