Uniswap Labs Launches Unichain, a New Layer-2 Blockchain

Unichain aims to enhance transaction speed and liquidity using Optimism's technology.

Uniswap Labs has introduced Unichain, a layer-2 network designed to improve transaction speed and reduce costs on its decentralized exchange.
Built on Optimism's OP Stack, Unichain is part of the Superchain, a federation of Ethereum layer-2 networks for enhanced interoperability.
Unichain will initially feature one-second block times, with plans to optimize this to 200-250 milliseconds for near-instant transactions.
The network includes a trusted execution environment and a community validation network to increase transparency and decentralization.
Uniswap Labs' initiative addresses liquidity fragmentation across layer-2 networks, aiming to create a more cohesive DeFi ecosystem.