Hey All,
I was trying to swap some tokens via the Uniswap Web App and that is when I saw a highlight on - Introducing Unicahin. Incase you didn't notice the same then also you can try Unichain option simply by going to section where you select the token to swap click that button a search token screen pops up and there you will see option to select the networks and this is where you can select the - "Unichain" option to start leveraging the low fees. Once you select this network you get a notification on your right side of the screen displaying - "Swapping on Unicahin" Here is the screen that I have taken a snapshot of from the Uniswap portal that should help you get there to choose the right option.
Uniswap - Exploring Unichain...
So what is this Unichain all about? Well in simple terms - Unichain is optimized to be the home for cross‑chain liquidity and on top of that it allows faster swaps with lower fees. Who doesn't want to the lower fees to be paid while leveraging the swap feature? Low the fee the better it gets for everyone. Here is the punch line that we get to see while switching the network to Unicahin.
- Swap instantly
- Save up to 95% on fees compared to Ethereum
- Lower costs for creating pools and managing positions
Incase you are intrest to learn more about Unichain which is ultimately powere by Uniswap then you can refer this article on medium - Unichain Mainnet is Here — A New Home for DeFi. Its been called as a new home for DeFi [Decentralized Finance] and why not when one has to deal with lower fees which is always good as it saves us money and gets us more tokens with the same amount being swapped if we were to leverage some other app than Uniswap.
Lower fees, faster transactions, and built to be seamlessly interoperable and decentralized – Unichain is now here.
Lets have a look at some numbers at Uniswap portal before I end this post.
Uniswap TVL [Total Value Locked] - $3.50+ Billion
Uniswap volume - $83.84+ Billion Last month numbers
By these numbers you can imagine how much of crypto transactions are happening on Uniswap and money wise I have already highlighted above. And now imagine the fees the users would be paying for all these transactions this number should also be billion. But now when users have the option to leverage Uniswap and save of transaction fees its going to be a WIN WIN situation here for Uniswap and its users. I guess this should be it for todays post around - "Uniswap - Exploring Unichain - Built for DeFi - Powered by Uniswap. What is iT & do we save on gas fees?" cheers
Have Your Say on Uniswap - Exploring Unichain
Did you know about Uniswap - Exploring Unichain? Have explore the the Unichain and seen the difference on the fees to be paid? How is your experience been using Unichain feature? Would love to hear your thoughts around it in the comment box below?
Uniswap - Exploring Unichain - Built for DeFi - Powered by Uniswap. What is iT & do we save on gas fees?
#uniswap #unichain #swap #trade #liquidity #crypto #instantswap #lowfees #dex #defi
Best Regards
Image Courtesy:: uniswap, unichain
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects..
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You've sold me on 95% fees reduction compare with Ethereum. The only thing unclear for me is if I have a second layer token on Ethereum, can I use Unichain for swapping it into ETH? And after that is the received ETH on Ethereum or on Unichain?