- Uniswap launches permissionless cross-chain bridging feature Across nine networks, including Ethereum, Arbitrum and Polygon.
- Bridging uses cross-protocol, Ensure fast and secure transactions within the Uniswap wallet.
- Uniswap launches Unichain on October 10; Ethereum L2 summary Designed to provide cross-chain liquidity.
- Uniswap token $UNI achieved US$8.08, a year-on-year increase of 84%.
Uniswap Pioneering the world of decentralized cryptocurrency exchanges (DEX), becoming one of the top ten exchanges $4.78B in TVL (total value locked).
Now, Uniswap seems poised to go even higher with permissionless cross-chain bridging.
But behind the technological innovation and parabolic growth of $UNI price, Do you still have any concerns??
Let’s take a look.
Building bridges on Uniswap through cross-chain bridging
Back in July, a poll of Uniswap users suggested that in-app bridging (moving tokens from one chain to another without swapping) was 47% of users’ most desired features.
Four months later, Uniswap launches permissionless cross-chain bridging Across nine major networks, including Ethereum, Polygon, and ZKsync.
These bridges are powered by Cross-protocol.
they allow users Perform fast, secure transactions using native tokens and stablecoins. This feature is directly accessible through the Uniswap interface or wallet, eliminating dependence on external bridges.
go through No external third-party applications requiredUniswap wants to keep this process as smooth and fast as possible.
Speed is important, especially in the fast-paced world of DeFi or DEX like Uniswap.
Create a cross-chain world
Despite the launch of the cross-chain bridge, $UNI’s initial price dropped slightly.
This marks a step towards Uniswap’s vision of: Seamless cross-chain transactions.
While providing access to multiple chains across protocols, Uniswap continues Develop your own blockchain. joint chain is the “native DeFi Ethereum L2” launched earlier this month and aims to Built on the growing importance of the Ethereum L2 chain, Offers faster transaction speeds and lower fees.
Even when building your own solution, Uniswap continues to advocate for a cross-chain world.
Cross-chain architecture Rely on smart contracts to connect one chain to another. this is a distant A more scalable and flexible blockchain interoperability solution Than the old multi-chain architecture.
Uniswap is a major proponent of this.
The idea behind Unichain and Uniswap in-app bridges is Facilitating the transition to a more open source, connected crypto world. At least that’s the case for Ethereum and blockchain networks built using the Ethereum Virtual Machine.
Uniswap Labs received some resistance Due to governance concerns as key decisions regarding Unichain rollout are Can be made without DAO input.
Summary: DEX and $UNI continue to succeed
Uniswap’s recent moves highlight its ambition to enhance the decentralized ecosystem. Unichain aims to Reward users who stake $UNI tokens, creating additional utility.
$UNI itself has had an impressive year so far, Last year it surged 84% to $8.08.
We like Uniswap’s focus on cross-chain architecture.
Uniswap Labs is rightly focused on building the future and profiting in the present.
and with Uniswap DEX is about to explode Big things are coming for one of cryptocurrency’s leading DEXs as trading volume crosses the $2T mark.
