Uniswap Launches In-App, Permissionless Cross-Chain Bridging for Its Users
- Barbara StreisandOriginal
- 2024-10-24 03:30:091009browse
Service available across nine blockchain networks.
Decentralized exchange Uniswap has finally launched in-app, permissionless cross-chain bridging for its users, with the service available across nine blockchain networks.
The integration of a cross-chain bridge into the Uniswap interface has been a highly anticipated feature among the DEX’s user base, as it will pave the way for cross-chain swaps on the platform. Now, thanks to a collaboration with multi-chain intents protocol Across Protocol, Uniswap users can seamlessly bridge assets across multiple blockchains.
According to the Oct. 23 announcement, the launch marks the initial phase of Uniswap’s cross-chain bridging rollout. Commencing with the launch, Uniswap users will be able to undertake cross-chain transactions across nine networks.
These include Ethereum (ETH), Arbitrum (ARB), Polygon (MATIC) and ZKSync (ZKS) as the primary networks, along with Base, Zora, Blast, OP Mainnet and World Chain as the initial supported Layer-2 networks. Notably, the feature only supports native assets for now, such as ETH on the Ethereum network or ARB on the Arbitrum network. However, bridging will also be available for stablecoins.
In terms of functionality, users will be able to perform cross-chain transactions directly via their Uniswap interface and Uniswap Wallet. The integration of Across Protocol will enable Uniswap users to effortlessly swap assets across supported chains.
Related: Uniswap (UNI) price rallies 30% after revealing plans for own chain
As per data from Dune Analytics, multi-chain access currently has a cumulative count of over 6 million Uniswap users. However, cross-chain bridge swaps remain low, presenting a significant opportunity for growth. The Uniswap Labs team aims to drastically increase this number.
Recently, Uniswap unveiled UniChain, a new layer-2 chain targeting decentralized finance (DeFi) and cross-chain liquidity. Announced on Oct. 10, UniChain aims to help the crypto market address DeFi’s challenges. Key to this vision are decentralization, near-instant transactions and multi-chain swapping.
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