Unichain (ETH)

What is Unichain?

Unichain is a next-generation blockchain network built to enhance scalability, interoperability, and cost efficiency. Designed as a Layer 2 solution on Ethereum, it leverages advanced scaling technology to reduce fees and improve throughput, while staying fully compatible with Ethereum’s ecosystem.

Here are 5 key points about Unichain:

EVM compatibility: Developers can deploy or migrate Ethereum smart contracts without modification.

Layer 2 scaling: Rollups and other scaling tools reduce fees and increase transaction speed.

DeFi-ready infrastructure: Optimised for high-volume financial applications and decentralised exchanges.

Cross-chain bridging: Enables assets and data to move freely between Ethereum, Unichain, and other blockchains.

Efficient consensus: Energy-efficient mechanism that enhances security while lowering environmental impact.

Unichain on Wraith Wallet

With Wraith Wallet, you can:

Store ETH on Unichain securely.

Send and receive Unichain tokens natively.

Swap Unichain ETH directly within the app.

📌 Note: Unichain has no separate native token. Ethereum (ETH) bridged to Unichain is used for gas fees.

ERC20 tokens on Unichain

ERC20 tokens deployed on Unichain work the same way as those on Ethereum, but with faster speeds and lower costs.

How to get Unichain ETH

Buy Unichain ETH directly within Wraith Wallet.

Receive ETH using your unique Unichain address.

Swap supported tokens into Unichain ETH.

⚠️ Only send Unichain ETH to your Unichain address.

Transaction fees on Unichain

Reduced costs: Unichain significantly lowers fees compared to Ethereum Layer 1.

Dynamic pricing: Fees adjust depending on congestion to maintain optimal speed.

Cross-chain support: Bridging solutions make transfers cost-effective between Ethereum and Unichain.

Checking balances

Wraith Wallet automatically shows your ETH balance on Unichain. To view activity, tap View on Uniscan, the default explorer for Unichain integrated into Wraith Wallet.

Why choose Wraith Wallet for Unichain?

Seamless EVM integration: Full support for Unichain’s Ethereum compatibility.

Secure self-custody: Private keys remain in your control at all times.

Multi-chain management: Manage Unichain alongside Ethereum and other networks from one wallet.

Summary Unichain delivers a scalable, cost-effective environment for Ethereum-based applications. With support for EVM smart contracts, cross-chain bridging, and low transaction fees, it’s an ideal choice for DeFi and Web3 growth. Wraith Wallet offers secure, streamlined access to Unichain, making it simple to send, receive, and swap ETH on this high-performance network.

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