The firm behind Uniswap, the largest decentralized exchange by trading volume, is launching a new Ethereum L2 project called Unichain, aimed at decentralized finance (DeFi) users. The system, developed by Uniswap Labs based on the Superchain created by Optimism, is a Layer 2 blockchain network built using the OP Stack.
Uniswap Labs' CEO Hayden Adams pointed out that one of Optimism's key benefits is its ability to unite participants around a standard for interconnected L2 networks. Unichain, launched on a private testnet, offers two main elements: verifiable block creation and a validation network.
Developed in collaboration with Flashbots, Unichain will be able to create blocks with a delay of 200-250 milliseconds. The project joins a crowded market of L2 protocols like Arbitrum and Base, and is aimed at improving interaction between networks in DeFi. Unichain aims to simplify access to liquidity across different networks and enhance their interaction through new Ethereum improvement proposals.
Unichain's sequencer system ensures additional decentralization: full nodes will be able to verify blocks through UNI staking, reducing the risks of centralized control.