Uniswap Launches Unichain: A Faster Ethereum Layer-2 Network

Uniswap, the largest decentralized exchange (DEX) by trading volume, has introduced Unichain, a new Layer-2 (L2) blockchain designed to speed up transactions and reduce costs.

Unichain mainnet is live ✨

✸ Fast with low fees
✸ Built for cross-chain liquidity
✸ Prioritizes decentralization from day one

You can now deploy DeFi apps, launch tokens, swap, provide liquidity, and more pic.twitter.com/MqJQwum4Bf

— Unichain (@unichain) February 11, 2025

The network, already tested with over 88 million transactions, aims to provide developers and traders with faster and more efficient transactions. Uniswap Labs CEO Hayden Adams described it as “the fastest chain in the industry,” emphasizing its commitment to making decentralized finance (DeFi)* more accessible and affordable.

80+ apps and infrastructure providers are already building on Unichain

That means you can do and launch just about anything 👀 pic.twitter.com/D25c0O9SaY

— Unichain (@unichain) February 11, 2025

Uniswap operates on Ethereum, the second-largest cryptocurrency network. However, Ethereum’s popularity often leads to congestion and high transaction fees. Unichain tackles this by offering one-second block times and fees that are 95% lower than Ethereum’s.

While L2 networks like Unichain improve efficiency, some experts worry they might divert value away from Ethereum in the long run.