Unichain’s launch – How and if it will have any impact on UNI’s price – BitRss

• Unichain, using Optimism’s roll-ups, aims to solve scalability issues
• Despite the hype, can Unichain fuel sustained demand?

Uniswap’s [UNI ($9.74)] Unichain, a new Layer 2 network built on Optimism’s superchain, is now live, aiming to slash transaction costs by 95% and boost scalability. The launch triggered a 6% surge in UNI’s price before a quick pullback, leaving investors questioning whether this marks a true turning point or not. 

An in-depth analysis

Ethereum’s scalability has been a major bottleneck, holding it back from competing with faster bloc…