Uniswap Labs Launches Unichain Layer-2 Mainnet, Enhancing DeFi Capabilities

Uniswap Labs Unveils Unichain Mainnet

Uniswap Labs, the team behind the leading Ethereum-based decentralized exchange (DEX), has officially launched Unichain, its proprietary Layer-2 solution focused on DeFi. This move marks the second major product release from Uniswap within two weeks, following the much-anticipated V4 update.

Unichain: A DeFi-Centric Layer-2 Solution

Developed using Optimism’s OP Stack, Unichain is introduced as a “DeFi chain” among the myriad of existing blockchains. Technically, Unichain can support a wide range of applications, similar to other general-purpose Layer-2 solutions.

Key features of Unichain at mainnet launch include:

The UNI token will play a crucial role in Unichain’s validation process and possess network token characteristics. The “fee switch” mechanism—protocol revenue sharing with token holders—will be part of the governance system, determined by the community. 65% of Unichain’s net revenue will be allocated to validators and UVN stakers when this program becomes operational later this year.

With the mainnet launch, Unichain becomes part of Optimism’s Superchain ecosystem, aiming to enhance cross-chain liquidity and scalability in the DeFi space.