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Uniswap Introduces Unichain

Unichain is a DeFi-focused L2 built on the OP Stack expected to launch on mainnet by the end of 2024.

Quick Take

  • Uniswap introduces the Unichain.

  • Flashbots introduces Rollup-Boost.

  • Swell releases a SWELL airdrop checker.

  • Puffer Finance pledges 1% to Protocol Guild.



Uniswap Introduces Unichain

Uniswap introduced Unichain, a DeFi-focused L2 built on the OP Stack. Unichain is now live on testnet with a mainnet launch planned later this year. Unichain will be part of the Superchain and Uniswap Labs will become a core contributor to the OP Stack. Unichain will also support native Superchain Interoperability. Native interoperability enables seamless cross-chain message-passing between OP Stack chains. The SuperchainERC20 standard will eliminate the need for multiple bridged asset versions. Unichain will also support cross-chain intents standard ERC-7683, extending interoperability to the broader Ethereum ecosystem. Unichain features an initial 1-second confirmation time, which helps mitigate MEV. By having faster block times, the chain creates more stable market conditions, thereby reducing opportunities for MEV exploitation. According to Uniswap, Unichain will be approximately 95% cheaper than Ethereum L1.

Flashbots Introduces Rollup-Boost

In collaboration with Uniswap Labs, Flashbots developed Rollup-Boost, a verifiable block-building platform for rollups composed of modular elements called rollup extensions. A key component is the Trusted Execution Environment (TEE)-based builder, which will be used to securely build blocks on Unichain. Unichain will also deploy a new validation network that allows multiple nodes to verify the accuracy and security of blocks produced by the TEE-based builder. The network adds finality, ensuring robustness against invalid blocks. Other components of Rollup-Boost include Flashblocks, which deliver 250ms block times for fast confirmations, and Verifiable Priority Ordering, a mechanism that guarantees transparent transaction ordering.

SWELL Eligibility Checker Released

Swell Network, a restaked rollup built on Polygon CDK, announced the details of its native SWELL token, which will have a total supply of 10 billion. 8.5% of the supply, or 850 million tokens, will be distributed to Swell stakers based on a July 30th snapshot. Users can currently check their airdrop allocation on app.swellnetwork.io/dao/voyage. SWELL will serve as a governance, gas, and restaking token for Swell Network. Users will be able to restake SWELL for rSWELL, which can be used for governance. The Swell L2 network is still in a testnet phase.

​Protocol Guild Funding Framework

Ethereum developer trent.eth publish an article exploring how the Protocol Guild supports the long-term sustainability and integrity of Ethereum development. Trent highlights three key resources that are developed within the Ethereum Commons: the network, the asset, and media. Trent notes that the Protocol Guild funds individuals rather than teams, helping maintain neutrality without teams exerting influence over development. Puffer Finance is the latest project to take the Protocol Guild pledge, allocating 1% of its token supply to the guild.

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