Uniswap, a DEX (decentralized exchange) platform that allows users to swap crypto tokens on Ethereum and other popular blockchains, has partnered with X Layer, an Ethereum Layer-2 network launched and managed by OKX cryptocurrency exchange. Today, OKX shared a post on the X social media platform, saying that Uniswap is officially live on X Layer, an update from last month’s announcement of the planned expansion.
According to details shared today by OKX, the integration now gives X Layer users access to Uniswap markets, such as liquidity pools, crypto token pairs, and others, as well as DeFi low-cost transactions.
X Layer Advancing User Onchain Experience Using Uniswap Alliance
This integration means that X Layer users can now seamlessly swap, access deep on-chain liquidity, and bridge multiple assets across different blockchain networks, supported by Uniswap’s cross-chain bridge infrastructure, which allows them to exchange every decentralized application from finance, games, NFTs, and more.
X Layer is a fast-processing Ethereum Layer-2 network built by OKX using Polygon’s Chain Development Kit (CDK). The network is completely compatible with the EVM (Ethereum Virtual Machine), allowing developers to deploy new applications with faster speed and lower costs than on the Ethereum mainnet. Launched by OKX on April 15, 2024, X Layer is designed for DeFi, payments, and RWA utilities, allowing users to engage in cost-effective transactions and access various DApps (decentralized applications).
With the collaboration above, Uniswap activated X Layer network support on its web application, allowing customers to connect X Layer wallets and trade assets across numerous blockchain networks. The integration provides access to X Layer’s applications through Uniswap’s interface.
Uniswap’s advanced agnostic architect framework allows for broader compatibility with diverse blockchain networks, a move that is set to strengthen X Layer’s ecosystem. This means that connecting Uniswap to X Layer enables X Layer users to access optimal on-chain liquidity irrespective of where they exist. This implies that X Layer utilizes this integration as a strategy to position itself as a premier DApp destination by connecting multiple blockchain networks.
Unlocking Value in DeFi Potential
X Layer’s mission of opening new opportunities for decentralized applications strongly aligns with Uniswap’s vision of unlocking value through universal exchange.
When assets are fragmented across different protocols, it’s difficult for users to unleash their full value. However, when markets become permissionless and interoperable – which is what Uniswap aims to enable – users have the ability to efficiently utilize their assets on-chain and seamlessly achieve their economic growth.
As X Layer supports more value transforming across different on-chain networks, Uniswap plays a crucial role in providing users with the tools they require to effectively swap assets, access in-depth liquidity, and connect their value across the entire DeFi ecosystem.
Source: https://blockchainreporter.net/uniswap-debuts-on-x-layer-powering-cross-chain-decentralized-applications-with-cost-efficient-interoperability-solutions/
