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Unichain (ETH)

What is Unichain?​

Unichain (ETH) is a next-generation blockchain network designed to enhance scalability, efficiency, and interoperability. Built on Ethereum technology, Unichain leverages Layer 2 scaling solutions to optimize transaction throughput and lower fees while maintaining full compatibility with Ethereum’s ecosystem. Unichain provides a seamless environment for decentralized applications (dApps), enabling developers and users to benefit from a high-performance and low-cost blockchain infrastructure.

Here are 5 key points about the Unichain:

  • Unichain supports the Ethereum Virtual Machine (EVM), allowing developers to migrate or deploy smart contracts without modifications.

  • Utilizing rollups and other scaling solutions, Unichain significantly reduces transaction fees and enhances network speed.

  • The network is designed to support a robust DeFi ecosystem with high-speed transactions and reduced congestion.

  • Unichain enables seamless cross-chain communication through bridging protocols, allowing assets and data to move between different blockchains.

  • The network employs an energy-efficient consensus mechanism that enhances security while minimizing environmental impact.

tip

Learn more about Unichain by reading the Gem Wallet Learn article:
What Is The Unichain Blockchain?

Unichain on Gem Wallet​

Gem Wallet has the following features enabled for Unichain:

  • Store Unichain (ETH) securely.
  • Send and Receive Unichain tokens.
  • Swap Unichain (ETH) natively.
note

There is no officially announced native token specifically for the Unichain. Bridged Ethereum or simply Ethereum (ETH) is what Unichain uses for network fees.

Unichain on GemWallet Unichain on GemWallet 2

What are ERC20 tokens on Unichain?​

  • ERC20 tokens on the Unichain blockchain are tokens that adhere to the ERC20 standard but are deployed and operate within the Unichain ecosystem.
  • These tokens retain the same properties and functionalities as ERC20 tokens on Ethereum, thanks to Unichain's compatibility with the Ethereum Virtual Machine (EVM).
  • Transactions involving ERC20 tokens on Unichain incur significantly lower fees compared to those on the Ethereum network.

How to Get Unichain (ETH)?​

Here are some ways to acquire some Unichain Ethereum (ETH):

Enable Unichain on GemWallet Receive Unichain on GemWallet

note
  • Manually enable Unichain by tapping on the Manage Token List.
  • Send only Unichain (ETH) on the address.

Transaction Fees on Unichain​

The fees on Unichain are summarized as follows:

  • Compared to Ethereum’s Layer 1, Unichain reduces transaction costs by leveraging Layer 2 solutions.

  • Fees are dynamically adjusted based on network congestion to ensure optimal transaction speeds.

  • Selected dApps and platforms can subsidize transaction fees for users, improving accessibility.

  • Unichain’s bridging solutions allow for cost-effective transfers between blockchains.

Send Unichain on GemWallet Unichain Fees on GemWallet

How to Check Unichain (ETH) Balance?​

Gem Wallet app connects to the Unichain Network to show the ETH balance on your wallet. Tap on the 3 dots at the upper right corner, then tap on View address on Uniscan.

View ETH Balance Screen ETH Transaction Screen

tip

Uniscan is the default Unichain explorer of Gem Wallet. You can manually check balances and transactions by going to Uniscan and search for your ETH address.

View Balance on Uniscan View Transaction on Uniscan

Why Choose Gem Wallet for Unichain?​

Gem Wallet is a secure and efficient solution for managing Unichain assets. Here’s why it’s the best choice:

Seamless EVM Integration: Gem Wallet supports Unichain natively, enabling users to manage assets and interact with dApps effortlessly.

Self-Custody Security: With Gem Wallet, users retain full control over their private keys, ensuring secure asset management.

Multi-Chain Support: As an open-source, multi-chain wallet, Gem Wallet allows users to manage assets across Ethereum, Unichain, and other blockchain ecosystems.

Conclusion

Unichain represents a scalable and cost-efficient evolution of Ethereum’s ecosystem, making it an ideal choice for DeFi, NFTs, and Web3 applications. With EVM compatibility, Layer 2 scaling, and robust interoperability, Unichain is positioned to drive the next generation of blockchain adoption. Whether you’re a developer, trader, or everyday crypto user, Unichain offers an advanced, low-cost blockchain experience. Gem Wallet provides seamless support for Unichain, ensuring secure and easy asset management for all users.