{"id":39308,"date":"2024-10-10T16:54:55","date_gmt":"2024-10-10T16:54:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/uniswap-unveils-own-layer-2-network-unichain-uni-price-soars-11\/"},"modified":"2024-10-10T16:54:55","modified_gmt":"2024-10-10T16:54:55","slug":"uniswap-unveils-own-layer-2-network-unichain-uni-price-soars-11","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/uniswap-unveils-own-layer-2-network-unichain-uni-price-soars-11\/","title":{"rendered":"Uniswap unveils own layer-2 network Unichain, UNI price soars 11%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/uniswap-uni-coin-logo-on-tokens-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/uniswap-uni-coin-logo-on-tokens-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/uniswap-uni-coin-logo-on-tokens-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/uniswap-uni-coin-logo-on-tokens-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Uniswap has launched its own layer-2 network called Unichain.<\/li>\n<li>The OP Stack-powered L2 is in testnet and is designed to improve transaction speed, lower costs and boost liquidity.<\/li>\n<li>UNI token\u2019s price surged to $8.14, its highest level in over two months<\/li>\n<\/ul>\n<p>Uniswap, a leading decentralized exchange platform, has announced a major development for its network and ecosystem. The <a href=\"https:\/\/coinjournal.net\/news\/tag\/uniswap\/\">news<\/a> helped Uniswap\u2019s native token UNI to soar double digits on Thursday.<\/p>\n<p>On Oct. 10, the Uniswap team revealed that the DEX platform was looking to launch its own layer-2 network on Ethereum. The L2, dubbed Unichain, is earmarked for DeFi.<\/p>\n<p>Per the Uniswap Labs <a href=\"https:\/\/blog.uniswap.org\/introducing-unichain\" target=\"_blank\" rel=\"noopener\">announcement<\/a>, its a solution to transaction speed and costs for the exchange\u2019s users. Also key to the launch is the question of liquidity.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Introducing <a href=\"https:\/\/twitter.com\/unichain?ref_src=twsrc%5Etfw\">@unichain<\/a> \u2014 a new L2 designed for DeFi \u2728<\/p>\n<p>Fast blocks (250ms), cross-chain interoperability, and a decentralized validator network<\/p>\n<p>Built to be the home for liquidity across chains <a href=\"https:\/\/t.co\/lqfJh6Ltio\">pic.twitter.com\/lqfJh6Ltio<\/a><\/p>\n<p>\u2014 Uniswap Labs \ud83e\udd84 (@Uniswap) <a href=\"https:\/\/twitter.com\/Uniswap\/status\/1844363396382408774?ref_src=twsrc%5Etfw\">October 10, 2024<\/a><\/p>\n<\/blockquote>\n<p>Unichain is powered by Optimism\u2019s OP stack and offers 1 second block times. Sub-block times of 200-250 milliseconds is also part of the development.<\/p>\n<p>\u201cThis type of speed isn\u2019t just great for UX, it also improves market efficiency and lowers value lost to MEV,\u201d Uniswap Labs wrote on X.<\/p>\n<p>Uniswap has partnered with OP Labs for native interoperability, with this enabling implementation of cross-chain messaging and cross-chain liquidity. The platforms plan to bolster the ecosystem\u2019s connectivity with cross-chain swapping across the Uniswap interface and wallet.<\/p>\n<p>According to details in today\u2019s announcement, the Unichain testnet is live, while the mainnet will go live later in Q4, 2024.<\/p>\n<h2>UNI price soars 11%<\/h2>\n<p>Native Uniswap DEX token UNI is among the top gainers in the crypto market. This follows a price explosion for the cryptocurrency after the news emerged.<\/p>\n<p>With most altcoins down on the day or struggling for upside, UNI spiked more than 11% to hit highs last seen in July 2024. The token\u2019s surge to the multi-month high of $8.14 saw Uniswap rank as the top performing coin among top 100 coins by market cap.<\/p>\n<p>UNI traded around $8.05 at the time of writing, still up by more than 9%.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/uniswap-unveils-own-layer-2-network-unichain-uni-price-soars-11\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Uniswap has launched its own layer-2 network called Unichain. The OP Stack-powered L2 is in testnet and is designed to improve transaction speed, lower costs and boost liquidity. UNI token\u2019s price surged to $8.14, its highest level in over two months [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":39309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39308"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=39308"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/39309"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=39308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=39308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=39308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}