With the launch of Unichain ETH L2, Uniswap has further consolidated its dominance in the decentralized finance (DeFi) space. Unichain not only provides a faster and cheaper trading experience, but also becomes a key link in the development of DeFi by enhancing cross-chain liquidity. This article will explore Unichain's unique advantages and how to capitalize on this new trend through the $UNI token, perhaps $UNI has the opportunity to reach $100.
What is Unichain and why is it important?
Unichain is a high-speed, low-cost **Layer 2** network designed for DeFi, aiming to become a hub for multi-chain liquidity. Its core advantages include:
- 1 second block time (will be reduced to 250 milliseconds in the future)
- Transaction costs reduced by approximately 95%
- Enhanced decentralization
- Seamless cross-chain liquidity support
These characteristics give Unichain great potential in improving market efficiency, increasing arbitrage opportunities, and reducing MEV losses.
Unichain was officially launched on October 10
Unichain's current block time is 1 second and will be further shortened to 250 milliseconds in the future, which will greatly improve transaction speed and market liquidity. Such performance improvements not only make the market more efficient, but also significantly reduce the loss of MEV (Miner Extractable Value).
Uniswap’s current status data at a glance:
- Total locked value (TVL): $4.99 billion (soon to exceed $5 billion)
- Token price: $8.17
- Average monthly trading volume: US$50 billion
- Cumulative transaction volume: US$2.2 trillion
Uniswap continues to solidify its position as a must-have tool for every DeFi enthusiast. Next, let’s explore how to use this data to gain benefits.
A look back at the historic airdrops of September 2020
In September 2020, Uniswap airdropped 400 $UNI to users, reaching an all-time high of $17,900. Today, many are wondering if there will be similar airdrops for users using the Unichain testnet? While there is no definitive answer at this time, experimenting with the testnet may lay the foundation for potential future rewards.
How to setup your wallet for Unichain:
To use the Unichain Sepolia testnet, you first need to add it to your Ethereum wallet. You can do this by going to “Add a testnet”.
Network" function, paste the following information into your wallet. For details, please refer to:
[Unichain wallet setup tutorial](http://docs.unichain.org/docs/getting-started/setting-up-a-wallet).
How to get Sepolia testnet tokens
By visiting the Sepolia faucet page on the website above, you can claim testnet tokens and use them for testing Unichain.
How to perform the test:
1. Visit superbridge.app/unichain-sepolia and connect your wallet
2. Test Unichain’s deposit and withdrawal functions
3. The website also provides more cross-chain bridging tools to facilitate more comprehensive testing
Another way to profit: running a node
Another way to support the Unichain network is to run a node. By running a node, you not only provide support to the network, but also have the potential to receive rewards, which is a wise and potentially lucrative choice.
Conclusion
Unichain has brought revolutionary changes to DeFi and multi-chain liquidity, and $UNI, as the core token of the Uniswap ecosystem, has great growth potential. If you haven't laid out yet, now is the best time to pay attention and participate.
