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Uniswap launches feature to move crypto assets between 9 blockchains
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Uniswap, one of the largest decentralized exchanges in the world, has launched a new functionality that allows the movement of assets between nine blockchains. This feature, known as “permissionless bridging”, is now available on the Ethereum, Base, Arbitrum, Polygon, OP Mainnet, Zora, Blast, World Chain and ZKsync networks.
The novelty comes to solve one of the biggest challenges faced by cryptocurrency users: the complexity of transferring assets between different blockchains.
The launch of the bridge between blockchains was driven by Across Protocol, a decentralized protocol that operates with liquidity pools and relayers.
Uniswap now offers a simpler, more integrated solution for its users to move assets between these networks, directly through the Uniswap interface or their wallet.
Uniswap launches bridge
According to a post on the Uniswap Labs blog, this update responds to a long-standing request from the platform’s user community. In a survey carried out on Twitter (X) in July, the “bridge” function came in first place as the most requested by users, even surpassing other features such as “limit orders in Layer 2”.
The difficulty of moving assets between different blockchains has always been a headache for cryptocurrency users. They had to rely on external bridges, often complex and confusing interfaces, and deal with long transaction times.
Uniswap recognized these difficulties and launched the feature to simplify this process. “Moving assets between chains has been a challenge,” Uniswap Labs said in the blog. “You had to use external bridges, deal with unknown interfaces, and wait for long transaction times.”
In addition to providing a more fluid experience for its users, Uniswap hopes to regain part of the market it lost in recent months. The exchange’s participation in the decentralized trading market has been declining, and the new functionality is an attempt to regain its space.
The company believes that this simplification in the transfer process between networks will attract more users, especially those using blockchains such as Arbitrum, Polygon and Base.
Uniswap launches feature to move crypto assets between 9 blockchains
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Uniswap launches feature to move crypto assets between 9 blockchains
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Uniswap launches feature to move crypto assets between 9 blockchains
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Uniswap launches feature to move crypto assets between 9 blockchains