Uniswap labs, the primary developer behind one of the largest decentralized exchanges (DEX), Uniswap, shared on Tuesday that its long-awaited LAG-2 network, Unichain, is now live.
Powered by optimisms up-stacks, Unichain-as other LAG-2s at Ethereum-coming faster and cheaper transactions compared to Ethereum’s mainnet. Developers can implement apps on the network, which have been optimized specifically for decentralized funding (DEFI) and aims to act as “Home for liquidity across chains”, according to Uniswap Labs.
For Uniswap laboratories, the advantage of launching a layer of 2 two-part: It will provide a better experience for users of uniswap and similar platforms, and it will create a new revenue option in the form of network fees. A representative of Uniswap Labs told Coindesk that “about 20%” of the chain’s revenue will go directly to the company.
Unichain has been testing since October 2024 and is classified by Uniswap Labs as a “phase -1” rollup, which means it has elements of decentralization but retains some centrally controlled protective measures in this early stage.
The network is built on the upstroke, a modular frame that lets developers build interoperable LAG-2 chains based on optimism’s optimistic growth technology. Several well-known teams have come out with their own up-based Layer-2s, including Coinbase’s ‘Base’, Kraken’s ‘Ink,’ World’s ‘World Chain’ and Sony’s ‘Soneium.’
What does Unichain do different?
Dozens of Layer-2 chains have emerged in the last few years, and Uniswap co-founder Hayden Adams believes most of them will eventually be used for specific use cases instead of serving as general blockchains. “We expect a world of many, many different use cases, of which trade is a small subgroup,” Adams told Coindesk in an interview.
In collaboration with Ethereum Research and Development Firm Flashbots, the Uniswap team said it has created a trusted execution environment (TEE) on Unichain. TEE is a safe area for more sensitive transactions and is intended to optimize the chain for defi by allowing for more advanced trades and faster transaction finality.
“In essence, we want Unichain to be a chain that is good at creating -located,” Adams said.
Is based on optimism
As part of its integration with Optimism’s “Superchain” ecosystem, Uniswap Labs has agreed to provide 2.5% of Unichaes’s gross revenue – or 15% of Unichaes Net revenue, whichever is greater – to the optimism collective, a consortium of people and Companies that stew optimism’s Rollup Tech. Many of the chains in Optimism Superchain -Ecosystem have accepted similar setups, including Coinbase and Kraken.
On the other hand, to build on optimism, both coinbase and cracker received reimbursement for Optimisms up Governance -Tokens from the Optimism Foundation, which controls a treasury of the tokens earmarked to help grow the ecosystem. Coinbase agreed to receive up to 118 million up -tokens, while Kraken accepted 25 million. Uniswap Labs refused to comment on whether it had its own agreement with the Optimism Foundation.
At the forefront of Unichains Mainnet -Launch, Uniswap Labs announced that 65% of the chain’s net revenue will go to the Unichal -Validation Network -a group of validators and stakes to secure blockchain.
UVN will act as “another layer of transparency and validation of the network,” Adams said.
“Part of the uniqueness of us as a project that has always been decentralized first is that we actually reduce the role and sequence power over other things that run more centralized sequencers,” added Adams.
Read more: Uniswap Developer reveals its own LAG-2 network, Unichain, built on Optimism Tech
