Uniswap Labs’ new Layer 2 blockchain, Unichain, temporarily disabled its public remote procedure call (RPC) after early developer access details unintentionally leaked, giving users premature access to the network. The shutdown has left users uncertain about their ability to access funds and has sparked frustration among those attempting to make transactions.
The project’s official X account confirmed that details of the network’s mainnet developer access had “circulated publicly,” leading some users to start using the Layer 2 network ahead of the planned launch.
The team clarified that “Unichain mainnet is not live — and the canonical bridge has not been finalized,” explaining this as the reason for disabling the RPC. Uniswap Labs assured users that public RPC details will soon be available through their official channels and website, unichain.org.
The abrupt RPC shutdown has led to complaints, as it prevents users from accessing Unichain via wallets like MetaMask and from executing transactions, including withdrawals back to Ethereum Mainnet. Users expressed their frustrations online, with one X user asking, “Errr, so how exactly do you expect us to bridge with an offline RPC?” Others responded with sarcasm, calling the situation frustratingly ironic.
Uniswap Labs recently announced Unichain’s launch as part of its mission to advance DeFi accessibility, speed, and affordability across multiple chains. The network, developed in collaboration with Flashbots, employs a trusted execution environment (TEE) to enhance transparency and prevent transaction failures. Uniswap promises near-instant transactions with one-second block times and plans to introduce 250ms “sub-blocks” to enhance market efficiency. The L2 solution is expected to reduce transaction costs by approximately 95% compared to Ethereum L1.
Meanwhile, the Uniswap Foundation reported strong financial reserves in its Q2 2024 update, disclosing $36.81 million in cash and stablecoins and an additional $680,000 in UNI tokens. These funds are earmarked for grants, operational costs, and employee incentives, with the Foundation distributing $5.27 million of its $7.55 million in committed grants for the year, reinforcing its commitment to fostering the DeFi ecosystem.
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