In a world where blockchains reign supreme, Uniswap dares to challenge the norm with its audacious newcomer, Unichain! On the 11th of February, 2025 a chilly Friday in February, the pink chain emerged like a phoenix, ready to dazzle the Ethereum layer-2 ecosystem.
“Behold, the pink chain has arrived! Swap, bridge, and provide liquidity on Unichain directly from the Uniswap web app and in the latest version of the wallet.”
— Uniswap Labs (@Uniswap)
Uniswap Labs’ fearless leader, Hayden Adams, proclaimed, “We’re here to make DeFi faster, cheaper, and more decentralized, which is why we launched Unichain to be permissionless from day one.” And so they did!
Unichain brings a smorgasbord of features, including swapping, liquidity provision, token launches, lending, borrowing, and cross-chain trading through the ERC-7683 standard. It’s built on the Optimism Superchain, with no interface fees for swaps during the initial months, native USDC integration, permissionless fault proofs, and a jaw-dropping 95% reduction in gas fees compared to Ethereum.
But wait, there’s more! Unichain emphasizes decentralization from the get-go, with plans to introduce a Validation Network later this year to allow public block verification. Truly, a decentralized utopia!
“As the first L2 to launch as a Stage 1 rollup, this means that Unichain is committed to decentralization on day one.”
Uniswap’s audacious foray into the layer-2 realm is no small feat, as they dive headfirst into a sea of competitors. But with Uniswap’s Midas touch, will the pink chain rise to the top? Only time will tell…
UNI Price: To the Moon or Back to Reality?
Alas, Uniswap’s native token, UNI, seemed unfazed by the news, with prices plummeting 6% from an intraday high of $10 to $9.40. The altcoin has been on a downward spiral, losing 30% over the past month and remaining 80% below its May 2021 all-time high. Will UNI ever recover from this crypto winter? Only the blockchain gods know.
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2025-02-12 10:03