Uniswap Universal Bridge: The Next Step in Cross-Chain Exchange
Date: 2024-10-28 Author: Henry Casey Categories: BLOCKCHAIN
To implement cross-chain functions, Uniswap uses the decentralized Across Protocol, which allows exchanges to be carried out through liquidity pools and relayers that operate without permissions. This opens up opportunities for users to quickly and securely transfer assets, eliminating the need to turn to third-party services.
Previously, users had to deal with a number of difficulties when transferring assets between blockchains, including complex interfaces, long transaction wait times, and potential security risks. Uniswap developers emphasized that the new feature simplifies these processes, minimizing steps and increasing the reliability of transactions.
Currently, the Uniswap cross-chain bridge supports nine networks, including Ethereum, Base, Arbitrum, Polygon, OP Mainnet, Zora, Blast, World Chain, and ZKsync, allowing for exchanges between these ecosystems in a couple of clicks. To use the service, a user simply needs to go to the Swap Modal window, select the desired asset, the target network, and confirm the transaction.
Uniswap representatives expressed confidence that with the launch of this feature, the process of exchanging assets between blockchains has become easier than ever. They noted that they plan to continue developing cross-chain capabilities, gradually making the platform even more convenient and intuitive for its users.
Uniswap also recently announced the creation of its own second-layer Ethereum network called Unichain, which will be another step towards expanding functionality and improving the user experience.
