Uniswap releases Unichain, causing a 12% boost in UNI

Uniswap’s UNI token surged by over 12% following the announcement of Unichain, the platform’s Ethereum layer-2 network. Unichain is built on Optimism Superchain, an Ethereum layer-2 network utilizing Optimistic rollups. It promises one-second block times, delivering near-instant transaction speeds and reducing losses from miner extractable value (MEV). Unichain also offers around a 95% reduction in transaction costs compared to Ethereum’s layer-1, with the potential for even lower fees in the future. The network’s testnet is now live, with a mainnet launch expected soon.

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