Uniswap introduces his own Layer 2 network Unicher, university price increases by 11 %

• Uniswap started its own layer 2 network called Unichain.
• The surgery-based L2 is in the test network and is intended to improve the transaction speed, reduce costs and increase liquidity.
• The price of the university token rose to $ 8.14, the highest status for over two months

uniswap, a leading decentralized exchange platform, has announced an important development for its network and ecosystem. The news helped the native uniswap token uni on Thursday to a double-digit climb.

On October 10, the Uniswap team announced that the Dex platform would like to start its own Layer 2 network on Ethereum. The L2, called Unichain, is intended for Defi.

according to the Uniswap Labs Announcement It is a solution to the transaction speed and the costs for the users of the stock exchange. The question of liquidity is also crucial for the start.

We present before @unichain - a new L2 that was developed for defi ✨

Fast blocks (250 ms), cross -chain interoperability and a decentralized validation network

built to ensure cross -chain liquidity pic.twitter.com/lqfjh6ltio

- Uniswap Labs 🦄 (@uniswap) 10. October 2024

Unicain is based on the Opt Stack from Optimism and offers block times of 1 second. Partial block times of 200–250 milliseconds are also part of the development.

"This type of speed is not only great for UX, it also improves market efficiency and reduces the loss of value for MEV", wrote Uniswap Labs on X.

Uniswap has received a partnership with OP Labs for native interoperability, which enables the implementation of cross-chain messaging and cross-chain liquidity. The platforms plan to strengthen the connectivity of the ecosystem through cross-chain exchange via the uniswap interface and the wallet.

According to the information in today's announcement, the Unicain test network is live, while the Mainset will go live in the fourth quarter of 2024 later.

Uni-Prize increases by 11 %

The native uniswap dex-token uni is one of the top winners on the cryptom market. This is followed by a price explosion for cryptocurrency after the message became known.

Since most old coins fell that day or fought for an upward trend, uni climbed by more than 11 % and reached maximum stalls that were last reached in July 2024. The increase of the token to the multi-month high of $ 8.14 led to the uniswap among the top 100 coins to the most powerful coin rise after market capitalization.

uni was traded at around $ 8.05 at the time of the writing of this article, which still corresponds to an increase of more than 9 %.