Users of the decentralized exchange Uniswap can now use permissionless cross-chain bridging within the app.
The service is accessible across nine blockchain networks. The Uniswap team declared on October 23 that its permissionless cross-chain bridge was operational, advancing the DEX protocol’s ability to facilitate cross-chain exchanges.
According to the announcement, this in-app Uniswap bridging capability is powered by the cross-chain intents protocol, Across Protocol.
Users of Uniswap can now conduct cross-chain transactions across nine networks thanks to the launch.
These consist of ZKSync, Ethereum, Arbitrum, and Polygon. Base, Zora, Blast, OP Mainnet, and World Chain are additional networks with early support.
Only native assets, such as ETH on the Ethereum network or ARB on the Arbitrum network, are supported by the feature. Stablecoins will also be able to bridge.
In terms of functionality, users will use their Uniswap wallet and interface to conduct cross-chain transactions directly. Dune data indicates that over six million Uniswap users have multi-chain access.Â
Cross-chain bridge swaps are still scarce, though. The goal of the Uniswap Labs team is to raise this figure considerably.
UniChain, a new layer-2 chain aimed at DeFi and cross-chain liquidity, was recently introduced by Uniswap.
UniChain, revealed on October 10, intends to assist the cryptocurrency market in resolving DeFi’s issues.
Decentralization, very instantaneous transactions, and multi-chain switching are essential components of this concept.
