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DeFi News

Uniswap Introduces Cross-Chain Bridging Across nine Networks

Permissionless bridging is intended to improve user experience and efficiency by streamlining this procedure.

Written By:
Jalpa Bhavsar

Reviewed By:
Dhara Chavda

Last updated: October 24, 2024 12:03 PM
Published 2024-10-23
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Last updated: October 24, 2024 12:03 PM
Published 2024-10-23
Uniswap Introduces Cross-Chain Bridging Across nine Networks

Uniswap Labs, the development team behind the popular decentralized exchange (DEX) Uniswap, has announced the launch of permissionless bridging across nine blockchain networks.

Uniswap Introduces Cross-Chain Bridging
Uniswap Introduces Cross-Chain Bridging, Source: Twitter

As per the blog post, this new functionality, accessible through Uniswap’s interface and wallet, addresses the complexities users face when moving assets between different chains.

In the past, third-party bridges with strange interfaces and lengthy transaction times were needed for cross-chain asset transfers, which complicated decentralized finance (DeFi) operations. Permissionless bridging is intended to improve user experience and efficiency by streamlining this procedure. 

The new bridging capability supports several prominent blockchain networks, including Ethereum, Base, Arbitrum, Polygon, Optimism Mainnet, Zora, Blast, World Chain, and ZKsync.

Powered by Across Protocol, the permissionless bridge operates through a decentralized network of liquidity pools and relayers, providing a more seamless and decentralized solution compared to traditional bridges.

Uniswap Labs noted that the integration of Across Protocol allows for more secure and efficient bridging without relying on centralized intermediaries.

Uniswap’s introduction of permissionless bridging aims to address its declining market share by enhancing cross-chain operability, a major challenge for DeFi users. 

The feature was ranked as the top request in a poll conducted on X (formerly Twitter) in July, where users expressed the need for simplified asset transfers across multiple networks.

Also Read: Uniswap Labs Launches Unichain to start a new era for DeFi

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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