The decentralized exchange (DEX) Uniswap (UNI) is set to introduce a new bridge that will enable users to access various blockchains beyond Ethereum (ETH).
According to a recent blog post, Uniswap Labs announces the launch of the bridge in partnership with Across Protocol (ACX), facilitating crypto asset swaps between nine distinct blockchains directly from the Uniswap Interface or the Uniswap Wallet.
“In-app bridging is one of our most anticipated features, and we’re thrilled to implement it as part of our broader vision for cross-chain swaps. Currently, more than six million users of Uniswap are engaged in swapping across multiple chains.”
“At Uniswap Labs, our mission is to ensure that these users have access to efficient and seamless bridging across different chains. Until now, transferring assets between chains has been a cumbersome process, often requiring the use of external bridges, navigating unfamiliar interfaces, and enduring extended transaction times.”
“Moreover, there has always been concern about the security of various bridging services.”
The bridge will initially support transactions across Base, World Chain, Arbitrum (ARB), Polygon (POL), Optimism (OP), ZKSync, Zora, and Blast (BLAST). As of now, only stablecoins and native assets like ETH on Ethereum will be supported for bridging.
Uniswap reports that since July 2022, the number of cumulative multichain addresses on their platform has surged to over six million.
At the time of writing, UNI is priced at $7.60, reflecting a 4.12% decline in the past 24 hours.
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Featured Image: Shutterstock/ArtLight Production/Muhammed AKAN
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