Uniswap Launches High-Speed Blockchain Unichain to Enhance DeFi Transactions

The new Ethereum Layer 2 network promises faster transactions, lower fees, and improved cross-chain liquidity for decentralized finance users.

Uniswap Labs has officially launched Unichain, a Layer 2 blockchain built on Ethereum, designed to address network congestion and high transaction costs.
Unichain boasts one-second block times and gas fees that are 95% lower than Ethereum, with plans to reduce block times to 250 milliseconds in the coming months.
Over 88 million test transactions and 12 million smart contracts were processed during Unichain's testnet phase, showcasing its scalability and performance.
The blockchain supports over 80 applications and infrastructure providers, enabling developers to create DeFi apps, launch tokens, and facilitate decentralized trading.
While Unichain enhances DeFi functionality, experts have raised concerns about the potential impact of Layer 2 networks on Ethereum's long-term market capitalization.