Uniswap has taken a step to revolutionize cross-chain trading for users.

The new feature involves a novel mode of blockchain execution being pioneered by Across Protocol.

Uniswap and Across are also working on refining this technique for broader Ethereum adoption.

Crypto market participants often have to jump from one chain to another to explore new strategies, opportunities, and experiences. However, the process of doing so, called bridging, has often left much to be desired.

In an attempt to tackle this problem, Uniswap, the largest decentralized exchange by volume, has unveiled a new native bridging feature to make cross-chain transactions as seamless as possible. How does this new feature work? 

A Collaborative Effort 

Uniswap has taken a step to revolutionize cross-chain trading for users. On Wednesday, October 23, the project unveiled an in-app bridging feature powered by Across Protocol that allows traders to securely move assets from one network to another within seconds. Sponsored

Across Protocol is a permissionless crypto bridge that leverages a decentralized network of liquidity providers and relayers to fulfill cross-chain intents. Intents refer to an execution model that allows users to describe their desired outcome while allowing the network, in this case, competing liquidity providers and relayers, to generate and execute the necessary transactions to fulfill the desire. In the case of cross-chain intents, this desire is cross-chain transactions.

According to Uniswap, the latest cross-chain trading feature will be available for 10 blockchains at launch, including Arbitrum, Base, Ethereum, and Polygon. As the team explained, only the native tokens of these networks and stablecoins are supported for bridging.

The recent feature launch comes as Uniswap and Across Protocol are also working together to standardize cross-chain intents for adoption across the entire Ethereum ecosystem.

ERC-7683 

ERC-7683 is a cross-chain trade execution standard proposed by Uniswap and Across Protocol in May 2024. If implemented, the standard will introduce a cross-chain intents model across the Ethereum ecosystem with shared liquidity providers and relayers.

If adopted by the network, the standard promises to greatly improve the cross-chain trading experience in terms of cost, speed, and consistency. 

On the Flipside 

The new Uniswap feature has yet to be battle-tested.

ERC-7683 is still a long way from being implemented as a standard on the mainnet.

Why This Matters

Uniswap is the largest decentralized exchange by volume. The new bridging feature promises to make it easier for the project’s several users to explore new opportunities across chains.

Read this for more on Uniswap:Uniswaps Unveils Layer 2 to Tackle DeFi Limitations: All You Need To Know

See how Coinbase is moving towards decentralization:Coinbase’s Base Takes First Major Step in Decentralization Push

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