According to Uniswap developers, the new solution will help create a group of networks compatible with each other through the use of the Optimism Superchain solution. It includes a group of Layer 2 solutions for the Ethereum network, built using the same open source technology stack, allowing networks like Worldcoin, Mantle and Base to work seamlessly together.
The developers promised that Unichain would solve the problem of liquidity fragmentation, since tokens are distributed across several second-layer networks and often find it difficult for them to interact with each other. Unichain should reduce transaction execution time and reduce transaction fees to ease the load on the Ethereum network. Developed in collaboration with the Uniswap Foundation, Optimism and Flashbots, Unichain provides a Trusted Execution Environment (TEE).
“After many years of building and scaling decentralized finance (DeFi) products, we have realized where blockchains can be improved and what is needed to further implement Ethereum’s roadmap. Unichain will improve access to cross-chain liquidity and increase blockchain decentralization,” said Uniswap Labs CEO Hayden Adams.
In September, Adams denied rumors that Uniswap Labs and the Uniswap Foundation were charging fees to deploy the Uniswap protocol. All decisions on developments are made based on community votes, he said.
Source: Bits
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