Across The Cryptoverse #62 - Uniswap Integrated Across For In-App Swap
It's time to unify Ethereum with intents and ERC-7683, Uniswap and Across ! The Web3 UX is broken! Fragmented ecosystems and complex cross-chain transactions lead to high abandonment rates and bad user experiences.
Uniswap Labs has been a DeFi pioneer since day one, and the friendship with Across will enhance the crypto status quo! With a user base in the millions, they have played a major role in bringing DeFi to mainstream users. The key to their success has always been good UX, which is something that is hard to find in Web3.
As Ethereum scaled, dozens of new L2s have launched to help process the high transaction demand—Unichain being the latest addition. However, as the Ethereum ecosystem expands to support the rising wave of web3 adoption, a new UX hurdle has emerged.. the cross-chain interoperability! That’s why Uniswap Labs has integrated Across to overcome this hurdle.
What changed after Uniswap integrates Across for in-app bridging? Everything! Same-asset bridging is now available on nine EVM chains, including Base, Optimism, Arbitrum and more!
The supported tokens include native assets such as $ETH on Ethereum or $OP on Optimism), but also stablecoins and the DeFi OG wBTC. What makes Uniswap Labs great? An incredible user experience. What's next? Bridging directly in the app. No more bridge anxiety. No more technical chaos. Just send ETH and stablescoins between chains as simple as swaps.
Across will do the work behind the hood, and the intents will deliver a smoother user experience! We ride!
Across’ Intents-based bridging solution stands out because it removes the risk from the end user. A bridge user should never have to worry about technical risks like reorgs or the vulnerabilities of lock-and-mint bridges. This is especially true when we consider mainstream adoption and Ethereum's goal to reach millions or billions of users.
Across has built a robust, Intents-powered solution that aims to execute certain L2-to-L2 transfers in just 3 seconds for transactions under $10,000—which represent 99% of all L2 bridging activity. This speed and reliability makes it ideal for current crypto users and those yet to enter the space.
Uniswap Labs has solved UX for swaps, Across has solved UX for cross-chain interop... and the innovation will continue! The upcoming ERC-7683 standard, co-authored by Uniswap Labs and Across, will further help unify the Ethereum ecosystem by standardizing how cross-chain interactions are expressed as Intents.
The 1-Click Intents by Across and the intent-based systems have become the solution for end-user cross-chain interaction by abstracting away the complexity and time constraints of traditional bridges. State-of-the-art interoperability! Across is the first intents-driven interoperability protocol and it will deliver a level of cross-chain UX that developers and their users demand as crypto enters a complex multichain economy!
The recent in-app integration was also a hot topic for the Across Halloween competition, where the rangers competed in many categories! They show off artistic flair and carved the most frightening pumpkins! Some dressed to impress, while others baked gooey treats!
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The article titled "Across The Cryptoverse #62 - Uniswap Integrated Across For In-App Swap" discusses the integration of Uniswap with Across to improve the user experience in the decentralized finance (DeFi) space, particularly in cross-chain transactions. Here are the main points highlighted in the article:
Key Insights:
User Experience Challenges: The article opens by addressing the fragmented experience of Web3, where users often struggle with cross-chain transactions that can lead to high abandonment rates and dissatisfaction.
Uniswap Labs' Role: As a pioneer in DeFi, Uniswap Labs aims to enhance the crypto experience by integrating with Across, allowing users to perform easier in-app swaps and bridging across different Ethereum Virtual Machine (EVM) chains.
Cross-Chain Interoperability: The integration allows for same-asset bridging on nine EVM chains, including popular platforms like Base, Optimism, and Arbitrum, supporting tokens such as ETH, stablecoins, and wrapped Bitcoin (wBTC).
Intents-Based Bridging: Across utilizes an intents-based bridging solution that significantly reduces the risks for users, eliminating concerns about technical challenges such as reorgs or vulnerabilities associated with traditional locks-and-mints mechanisms.
Faster Transactions: The article notes that Across aims to execute Layer 2-to-Layer 2 transfers within just 3 seconds for transactions under $10,000, which covers the majority of L2 bridging activity.
Future Innovations: A new ERC-7683 standard, co-authored by Uniswap and Across, is set to further enhance cross-chain interactions by standardizing them as Intents, aiming for smoother and more user-friendly experiences.
Community Engagement: The article mentions a recent Halloween competition related to Across, showcasing community involvement and creativity within the crypto ecosystem.
Conclusion
The collaboration between Uniswap and Across is positioned as a significant step toward improving user experience in the ever-evolving crypto landscape, aiming for greater simplicity and reliability in cross-chain transactions. This integration reflects a broader trend of enhancing usability in decentralized ecosystems, making it easier for users to navigate the complexities of blockchain technology.
If you have further questions or need clarification on specific aspects of the article, feel free to ask!