Uniswap Labs, the company behind the decentralized exchange Uniswap, has introduced Unichain, a new Layer 2 blockchain designed to improve the Ethereum ecosystem. This launch comes shortly after the release of Uniswap V4, indicating significant progress for the exchange. Consequently, the announcement has led to heightened volatility in the price of UNI, Uniswap's native token, as traders speculate on the potential impact of this development.



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