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Home Crypto Technical Analysis

Uniswap has launched permissionless bridging across nine networks

J_News by J_News
October 23, 2024
in Crypto Technical Analysis, Top News
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Kangamoon presale nears 7M as Uniswap (UNI) price jumps on response to SEC’s Wells Notice
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  • Uniswap launched permissionless bridging across nine networks for seamless asset transfers.
  • The permissionless bridging, powered by Across Protocol, enhances speed and security in transactions.
  • Users can now transfer ETH, ARB, and stablecoins without relying on external services.

Uniswap has officially launched its long-awaited permissionless bridging feature, enabling users to transfer assets seamlessly across nine blockchain networks directly from the Uniswap Interface and Uniswap Wallet.

This functionality, powered by the innovative Across Protocol, addresses the complexities of cross-chain transactions that have historically plagued users, such as long wait times and security concerns.

The Across Protocol stands out as the only cross-chain intents protocol currently in production, utilizing a decentralized network of liquidity pools and relayers. This unique infrastructure ensures that users can bridge assets without the need for permission, enhancing both speed and security.

Seamless multi-chain experience for Uniswap users

With the rollout, the decentralized exchange users can now perform cross-chain transactions involving native assets like ETH and ARB, as well as stablecoins. The supported networks include Ethereum, Arbitrum, Polygon, ZKSync, Base, Zora, Blast, OP Mainnet, and World Chain.

This new in-app bridging feature is one of the most requested enhancements from the Uniswap community, highlighting a strong demand for a more integrated cross-chain experience.

Uniswap Labs emphasized their commitment to fostering a multi-chain ecosystem, noting that over six million users already engage with multiple chains and until now, bridging assets required the use of external services that often featured unfamiliar interfaces and lengthy transaction times.

Uniswap’s solution aims to simplify this process, allowing for fast and secure transactions that settle in seconds rather than minutes.

Uniswap’s new bridging functionality is part of a broader vision to create a seamless multi-chain experience for users. The company also recently introduced UniChain, a new layer-2 solution designed to tackle challenges in the DeFi space, further reinforcing its dedication to innovation in cross-chain liquidity.

As Uniswap continues to roll out new features, users are encouraged to explore the enhanced capabilities of the platform by downloading the Uniswap Wallet or accessing the Uniswap Interface. This move marks a significant step forward in making decentralized finance more accessible and efficient.


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