Uniswap Labs has officially launched Unichain, a Layer 2 solution aimed at enhancing the Ethereum ecosystem. This move allows for improved transaction speeds, incorporating Rollup-Boost technology.

Hayden Adams, the founder, highlighted the need for a cohesive user experience, taking steps to address gas auction concerns and introducing a fair priority model to ensure transaction security on Unichain.

The UNI token will act as a network token with governance functions, but its revenue-sharing aspect remains unclear, eliciting discussions among token holders.