Unichain Gains EVM Liquidity via Enso Migration Tool, LayerZero

Unichain, a Layer 2 EVM rollup, is set to receive a significant liquidity boost following the launch of a one-click migration tool by Enso. The middleware specialist’s solution, developed in collaboration with LayerZero and Stargate, simplifies the process of moving liquidity to Unichain from other EVM chains.

Previously, liquidity providers faced a cumbersome nine-step process, including manual bridging. Enso’s tool reduces this to a single click, potentially unlocking up to $3.5 billion in liquidity for Unichain. The Unicorn Portal, facilitating this migration, is scheduled to open tomorrow.

The development underscores the growing competition among Layer 2 solutions to attract liquidity and users. Unichain’s EVM compatibility positions it as a viable alternative for decentralized applications seeking lower transaction costs without sacrificing Ethereum’s security.