Decentralized exchange (DEX) Uniswap (UNI) is launching a new bridge that will allow users to access other blockchains outside of Ethereum (ETH).
In a new blog post, Uniswap Labs revealed that it has partnered with Across Protocol (ACX) to launch a bridge that will allow users to exchange cryptocurrency assets between nine different blockchains through the Uniswap interface or directly from their Uniswap wallet.
“In-app bridging is one of our most requested features, and we are excited to launch it as a step toward our long-term vision for cross-chain swaps. Today, over 6 million Uniswap users are swapping multiple chains.
At Uniswap Labs, we are committed to ensuring that these users have access to seamless, seamless connectivity across chains. Until now, moving assets between chains has been difficult. We had to use external bridges, deal with unfamiliar interfaces, and wait for long transaction times.
Moreover, there is always uncertainty about the security of various bridging services.”
Initially, the bridge will operate on Base, World Chain, Arbitrum (ARB), Polygon (POL), Optimism (OP), ZKSync, Zora, and Blast (BLAST). Additionally, only stablecoins and native assets such as ETH on Ethereum support bridging.
According to data provided by Uniswap, as of July 2022, the cumulative number of multi-chain addresses on the DEX is up to over 6 million.
UNI is trading at $7.60 at the time of this writing, down 4.12% in the last 24 hours.
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