Home web3.0 Uniswap Introduces Permissionless Bridging, Allowing Users to Transfer Assets Between Blockchains

Uniswap Introduces Permissionless Bridging, Allowing Users to Transfer Assets Between Blockchains

Nov 05, 2024 pm 01:38 PM
uniswap Polygon zkSync Cross-Chain Bridging

Users can now transfer assets between prominent blockchains, such as Ethereum, Polygon, Base, Arbitrum, Optimism Mainnet, Zora, Blast, World Chain, and ZKsync—all without needing third-party services.

Uniswap Introduces Permissionless Bridging, Allowing Users to Transfer Assets Between Blockchains

Uniswap has announced the integration of a permissionless cross-chain bridging feature, enabling users to seamlessly transfer assets between major blockchains directly through the Uniswap interface. This marks a significant development in the DEX's multi-chain strategy.

The feature, powered by the Across Protocol, eliminates the need for third-party services and the complexities associated with traditional cross-chain transactions. Users can now move native assets, such as ETH on Ethereum or ARB on Arbitrum, directly across chains. Stablecoins are also supported by the bridge.

According to Dune data, over six million Uniswap users currently have multi-chain access. However, cross-chain swaps still constitute a small fraction of overall activity on the DEX. With the integration of this new bridging capability, Uniswap aims to bolster its presence across multiple networks and drive growth in multi-chain DeFi operations.

This development comes as Uniswap faces increasing regulatory attention. Earlier this year, the U.S. Securities and Exchange Commission (SEC) issued a Wells notice to Uniswap Labs, indicating potential enforcement action by the agency.

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