Crypto pundit Chain Cartel has raised several key points following SWIFT’s latest comment on its move to adopt blockchain technology. The pundit claimed that Ripple’s XRPL network best suits what SWIFT is trying to achieve and suggested that the two firms collaborate. 

Pundit Points To Ripple’s XRPL After SWIFT’s Announcement

In an X post, Chain Cartel stated that SWIFT admitted they are building Ripple’s XRPL network, but did not explicitly say so in their announcement. The pundit was referring to an X post from SWIFT highlighting their earlier announcement to add a blockchain-based ledger to their infrastructure.

The pundit explained that SWIFT’s language in the X post suggests that they want to build something like Ripple’s XRPL. He declared that it is not Bitcoin, Ethereum, or any generic blockchain experiment but precisely what Ripple has been building for a decade. Chain Cartel noted that Ripple’s model has always been a neutral settlement layer, real-time atomic finality, shared ledger visibility for institutions, interoperability with legacy rails, and liquidity-first design. 

Chain Cartel then alluded to SWIFT’s statement about its plans to build a blockchain-based ledger to be included in its payment infrastructure and provide a single source of truth, enabling instant, 24/7 cross-border payments. He declared that this is Ripple’s blueprints with the XRPL, as the crypto firm uses the network for its payment services. 

In line with this, the pundit remarked that SWIFT doesn’t replace rails, but instead coordinates them, and that Ripple doesn’t replace banks, but instead connects them. He added that SWIFT is acknowledging that the future payment stack requires a ledger layer, not just messaging, and that the only model already battle-tested at scale is Ripple’s XRPL.

However, it is worth mentioning that SWIFT doesn’t plan to integrate Ripple’s Ledger. Instead, it is building this blockchain-based ledger in partnership with Consensys and Chainlink. As such, although SWIFT may plan to build a network similar to Ripple’s XRPL, it intends to do so without assistance from the crypto firm. 

Ripple Looking To Expand Its Payment Service

Ripple is looking to expand its payment service, as it recently announced plans to begin testing its RLUSD stablecoin on Ethereum layer-2 networks Base, Ink, Optimism, and Unichain. The move comes just days after the OCC granted Ripple a conditional approval to become a bank, which is also a major boost for the firm’s payment service. 

Ripple plans to expand its RLUSD stablecoin beyond the Ethereum and XRPL networks to these layer-2 networks through its partnership with Wormhole. The firm noted that the future of crypto is multichain, which is why it is adopting this strategy. This move gives Ripple’s clients greater options when using the RLUSD stablecoin, and it could also attract new users to the stablecoin, which is currently one of the fastest-growing stablecoins. 

Explore the features, fees, Unichain and Uniswap V4 of the pioneer of Defi platforms.

Frontier of DeFi platform

Uniswap DEX is the simplest and most user-friendly DeFi platform than any other. It is like a good pal for beginners who want to practice swapping tokens.

Uniswap has made everyone of us awestruck by crossing $3T trading volume in the defi industry.

Core Features

Network

• Uniswap runs on the Ethereum Blockchain network. Ethereum Blockchain can be utilized for many applications just beyond transactions.
• Its introduction to smart contracts is notable. It expands to decentralized finance concepts.

Fees

• It provides a fee of 0.3% for easy swapping.
• Liquidity providers earn this fee based on their liquidity contributions.
• Swapping fees are added directly to liquidity reserves. The value of liquidity tokens are increased by this.

Governance

• Uniswap DEX has its governance token UNI. With this, the users can vote in the voting forum.
• Users have a say in the platform’s decisions by voting. This token functions similarly to ERC-20 tokens.

Performance

The network faces congestion during peak hours. So, the transaction speed is slower when compared to other platforms.

Unique Features

NFT Marketplace

The liquidity positions are represented here as NFTs. It gives users unique positions according to their chosen price ranges and strategies.

V3 and V4

• V3 is the last-operated version. In this version, the Uniswap debuted concentrated liquidity. It lets providers target specific price ranges instead of offering liquidity throughout the whole range.
• V4 is the current version of the Uniswap DeFi platform. Uniswap V4 focuses on making the liquidity pools customizable. It also works on lowering the gas fees.
• After the launch of V4 Uniswap’s reputation and TVL has reached its zenith.

UniChain

By creating the quickest and most affordable Layer 2 network for cross-chain liquidity, Unichain is transforming DeFi. It was created to bring disparate blockchain ecosystems together and serves as a platform for traders and liquidity providers to access smooth, effective markets.

Before the launch of Unichain, Uniswap was so underrated because of its high gas fees and low transaction speed. And this launch of layer-2 network, solved all the criticisms it’s addressed before. Now, nobody can no longer say Uniswap is slow and expensive.

Yet, we’re expecting to see more and more advancements in the DeFi arena like Uniswap V4 and many more.

If you’re obsessed with more dex platforms like PancakeSwap, Sushiswap, then stay tuned with me.

Uniswap: Breakdown of Features, Fees with UniChain was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.