The Uniswap Labs, the main developer behind one of the largest decentralized exchanges (DEX), Uniswap, shared on Tuesday that Unichain’s long-awaited layer-2 network, is now living.
OP stacks of optimism, unichain-like other layer-2s in Ethereum-are more fast and cheaper transactions compared to Ethereum mainnet. Developers can deploy apps to the network, which is specifically specific for decentralized finance (DEFI) and aimed at serving as “homes for liquidity throughout the chain,” according to the UNISWAP Labs.
For Uniswap Labs, the benefit of launching a layer-2 is twice: it will provide a better experience for uniswap users and similar platforms, and this will create a new income opportunity in the form of Network fees. A representative for the Uniswap Labs told CoinDesk that “around 20%” the chain revenue went straight to the company.
Unichain is in Trial since October 2024 and IS Classified by the UNISWAP Labs as a “stage-1” rollup, meaning it has elements of decentralization but remains some care controlled by the center in this early stage.
The network was built on OP Stack, a modular plot allowing developers to develop interoperable layer-2 chains based on optimism Optimistic Rollup Technology. Many well-known teams came out with their own op stack-based layer-2’s, including Coinbase’s’Base‘, Kraken’s’Ink‘World’World chain‘and Sony’Soneium. ‘
What is different from Unichain?
Dozens of layer-2 chains popped up in the last few years, and uniswap co-founder Hayden Adams believed that most of them would eventually be used for specific cases of use in instead of serving as general blockchain goals. “We look forward to a world of many, many different cases of use, where trade is a small subset,” Adams told CoinDesk in an interview.
In collaboration with the Ethereum Research and Development Firm Flashbots, the Uniswap team said it created a reliable environmental murder (TEE) in Unichain. Tee is a safe place for more sensitive transactions and meant to be able to optimize the chain for the DEFI by allowing for more advanced trading and faster end of the transaction.
“Essentially, we want Unichain to be a chain that is good for creating liquidity, good for trading, good for applications that need to be together with them, and then good for applications that are essentially wanting to do Access to liquidity but should not be co -located, ”Adams said.
Building in optimism
As part of its integration with the “Superchain” ecosystem of optimism, the Uniswap labs have come up with a rollup tech of optimism. Many of the chains in the Optimism Superchain Ecosystem are in line with similar settings, including Coinbase and Kraken.
In exchange for developing optimism, both Coinbase and Kraken received grants of Optimism Management tokens from the Optimism Foundation, which controls a ark of tokens marked to help grow the ecosystem. Coinbase agreed to receive up to 118 million OP tokens, while Kraken Sumang -according to 25 million. UNISWAP Labs refused to comment if it had its own deal with the Optimism Foundation.
Previously launching the main Unichain, UNISWAP LABS announced that 65% of the chain’s net income would go to Unichain Validation Network– A group of validators and stakers who get a blockchain.
UVN will act as “another layer of transparency and network validation,” Adams said.
“Part of being unique about us as a project that is always decentralized first, we really reduce the role and the power of the sequencer associated with other things that run more centralized sequencers,” Adams added.
Read more: Uniswap developer opens its own layer-2 network, unichain, developed in optimism tech
