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 says that it’s launching the bridge in collaboration with Across Protocol (ACX), allowing users to swap crypto assets between nine different blockchains directly from the Uniswap Interface or Uniswap Wallet.
“In-app bridging is one of our most requested features, and we’re excited to roll it out as a step toward our long-term vision of cross-chain swaps. Today, over six million Uniswap users swap on multiple chains.
At Uniswap Labs, we’re committed to making sure these users have access to smooth, seamless bridging across chains. Until now, moving assets between chains has been challenging. It required using external bridges, dealing with unfamiliar interfaces, and waiting for long transaction times.
Plus, there’s always uncertainty about the security of different bridging services.”
Initially, the bridge will be operate across Base, World Chain, Arbitrum (ARB), Polygon (POL), Optimism (OP), ZKSync, Zora and Blast (BLAST). Furthermore, only stablecoins and native assets such as ETH on Ethereum will have support for bridging.
According to data provided by Uniswap, since July 2022, the DEX has seen its number of cumulative multichain addresses shoot up to over six million.
UNI is trading for $7.60 at time of writing, a 4.12% decrease during the last 24 hours.
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Featured Image: Shutterstock/ArtLight Production/Muhammed AKAN
