Uniswap Labs Launches Unichain Layer-2 Built with Optimism OP Stack, UNI Price Soars

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Uniswap Developer Launches Layer-2 Network Unichain

Uniswap Labs, the creator behind the world’s largest decentralized crypto exchange, is stepping into the Ethereum scaling game with the launch of Unichain, a new Layer-2 network. 

Built using Optimism’s OP Stack technology, Unichain aims to deliver faster and cheaper transactions with greater liquidity, promising significant improvements for decentralized finance (DeFi) users. Unichain is set to join the Superchain, a collection of Optimism-linked networks, which already includes Coinbase’s Base.

Hayden Adams, CEO of Uniswap Labs and inventor of Uniswap, said that the driving force behind the creation of Unichain is the need for faster transaction experiences. “People actually want things to feel instant,” Adams noted, highlighting the desire for a seamless DeFi experience. 

The network, which was set to be unveiled on a private testnet on Thursday, will reduce transaction time to just 250 milliseconds, a vast improvement from the current two seconds on most Layer-2s and 12 seconds on the Ethereum mainnet. This speed boost is expected to make a substantial difference, particularly for users trading in real-time.

Despite the excitement around Unichain’s launch, there has been growing industry-wide fatigue over the surge of Layer-2 networks. Many have raised concerns about fragmentation, with some experts predicting that thousands of Layer-2 chains will emerge in the coming years. 

Adams addressed this issue, arguing that the current imbalance stems from the overemphasis on infrastructure rather than practical use cases. However, he believes that Unichain could serve as a DeFi hub across multiple chains, tapping into Optimism’s Superchain to provide a cohesive experience for users.

UNI is now trading above $8.4, up approximately 15% in the last 24 hours.

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