Uniswap Labs has officially launched the mainnet of Unichain, its dedicated Ethereum Layer-2 blockchain. The move places Uniswap in direct competition with other L2 solutions such as Arbitrum, Base, Mantle, and Polygon, as it aims to enhance scalability and user experience within the Ethereum ecosystem.
Unichain enters an increasingly competitive L2 market, where established players like Arbitrum, Base, and Polygon have already captured significant adoption. According to CoinGecko’s TVL rankings, Base currently leads with just over $3 billion, followed by Arbitrum at roughly $2.7 billion and Polygon at $762 million.
Despite the competition, Hayden Adams, Uniswap’s founder, highlighted the potential of Unichain. The project has already seen participation from 80+ DeFi applications and services, and its testnet phase processed over 100 million transactions before the mainnet launch.
Unichain Enters the L2 Market
With over $5 billion in total value locked across multiple chains, Uniswap is a massive force in the DeFi space, and with the launch of Unichain signals Uniswap’s expansion into blockchain infrastructure, aligning with its long-term vision of optimizing decentralized finance efficiency.
The introduction of its own L2 solution is expected to increase transaction throughput, reduce Ethereum’s congestion, and open new revenue streams.
Read more: Uniswap Achieves Record $38B Monthly Volume on Ethereum Layer-2s
Unichain, which has been in testing since October 2024, is designed to offer low transaction fees, faster settlement times, and seamless liquidity integration with Uniswap’s existing decentralized exchange infrastructure. Built using Optimism’s OP Stack, Unichain joins the Optimism Superchain, a network of interconnected L2s that improve interoperability and scalability for Ethereum-based applications.
Uniswap’s roadmap for the new L2 includes several upcoming upgrades, including flashblocks and improved bridges and messaging systems for seamless transfers across L2s.
