
420,000 smart contracts deployed in first week of Unichain testnet
According to founder Hayden Adams's X post on 19th Oct, over 420k smart contracts had been deployed on Unichain's first week of live testnet.
Author: Sahil Thakur
Written On: Sun, 20 Oct 2024 07:52:27 GMT
According to founder Hayden Adams’s X post on 19th October, over 420,000 smart contracts had been deployed on Unichain’s first week of live testnet.

Unichain by Uniswap
Uniswap Labs had announced the launch of Unichain, a new Layer 2 (L2) blockchain aimed at advancing decentralized finance (DeFi). Unichain, part of the Optimism Superchain, is designed to tackle key challenges within DeFi, particularly those related to scalability, transaction speed, and cost-efficiency.
Key Features:
- Low Cost and Decentralization: Unichain aims to reduce transaction fees by about 95% compared to Ethereum L1 while maintaining decentralization.
- Faster Transactions: The blockchain will offer near-instant transaction times, with 1-second block times and plans for 250ms sub-blocks.
- Seamless Multi-Chain Swapping: Unichain will enable smooth cross-chain liquidity and interoperability between various L2 chains, making it easier for users to swap assets.
As part of its contribution to Ethereum’s scaling efforts, Unichain will integrate a decentralized validation network and block builder technology developed with Flashbots. This move is expected to enhance both speed and transparency in transaction processing. Additionally, Uniswap plans to introduce cross-chain swapping through its Uniswap Interface and Wallet shortly after the launch.
Uniswap’s open-source, modular approach with Unichain allows for future development and community-driven innovation. The Unichain testnet is live, with the mainnet expected later this year.
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Unichain by Uniswap