DeFi

DEX Uniswap Has Been Warped Onto The Ethereum Layer 2 Network StarkNet

Nethermind, an Ethereum development company, has warped the decentralized exchange Uniswap on the Ethereum Layer 2 network StarkNet.

DEX Uniswap Has Been Warped Onto The Ethereum Layer 2 Network StarkNet 3

The idea is that this will make a version of Uniswap, albeit unconnected with the exchange, available to StarkNet users. In theory, this should make it cheaper for Ethereum users to transfer tokens if they utilize StarkNet because the network charges lower costs than the main Ethereum blockchain.

According to Nethermind team lead Jorik Schellekens in a blog post, the plugin is still under development and further testing is planned.

It’s difficult to transfer Ethereum applications to StarkNet since the former utilizes the Solidity coding language while the latter uses Cairo. As a result, the code must be translated to work in the new language.

DEX Uniswap Has Been Warped Onto The Ethereum Layer 2 Network StarkNet 4

Schellekens said:

“Warp is not about to stop with Uniswap! We will continue working hard on features and repeat this experiment with a few other protocols, bringing new protocols to StarkNet at warp speed.”

The main goal of Nethermind’s Warp project is to migrate Ethereum apps to StarkNet. Some of StarkNet’s recent developments, according to Schellekens, have enabled the Warp project to take on more complex applications, beginning with Uniswap. He observed that by warping a project as large as Uniswap, Warp itself is maturing, decreasing the barrier to entry for future projects interested in testing out StarkNet.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.