The launch of Unichain, Uniswap’s long-awaited layer-2 community, has seen the worth of the decentralized trade’s governance token UNI rise by round 4.5% to round $9.7 and led to a big improve in social exercise and sentiment.
UNI’s worth benefitted from the launch of Unichain however failed to interrupt by the $10 mark. It nonetheless outperformed bitcoin (BTC) within the quick interval because the launch of the layer-2 community, because the cryptocurrency is down round 0.3% prior to now 24 hours.
Sentiment surrounding the token has remained optimistic because the launch, with the variety of posts on X rising by roughly 30% to over 1,400 with roughly 41% of these being optimistic and 48% having a impartial tone, information from TheTie exhibits.
The rise is notable as social media posts surrounding the token have been rising within the lead-up to Unichain’s launch. A Unichain block explorer exhibits the community already has 15,000 lively wallets and has processed practically 100,000 transactions hours into its first day.
One notable submit got here from Hayden Adams, CEO of Uniswap Labs, who pointed to a promising future during which the protocol will launch “many new improvements to accelerate blockchain scaling.”
These embody lowering block occasions, permitting most maximal extractable worth (MEV) to be returned to customers, an extra layer of financial safety, and seamless interoperability for Unichain.
“In other words, relentless shipping will continue until Ethereum scales and DeFi is bigger than tradfi+cefi combined. In just four months of testnet the network processed ~100M transactions. Now it’s live with 80+ projects already building on top (plus Uniswap + v2, v3, and v4 deployments already live),” Adams stated on X.
