CandleFocus Uniswap introduces Unichain, sparking a 12% surge in UNI token
2024-10-10
Author: Content Editor
The UNI token of decentralized exchange Uniswap saw a 12% surge after the announcement of Unichain, Uniswap's Ethereum layer-2 network. UNI reached its highest price in three months at $8.07, making it the top-performing digital asset in the market. Unichain, built on the Optimism Superchain, promises one-second block times and a 95% reduction in transaction costs compared to Ethereum's layer-1. It also plans to introduce a decentralized validation network and support seamless multi-chain swaps. Unichain's testnet is live, with a mainnet launch expected soon. The CEO of Uniswap Labs highlighted the importance of multiple layer-2 chains for scaling Ethereum.
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