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- Chainalysis has introduced integration with Unichain, a DeFi-focused Ethereum layer 2 network developed by Uniswap Labs
- This partnership permits Chainalysis to provide compliance and investigative toughen for all tokens on Unichain, including ERC-20, ERC-721, and ERC-1155 standards
- Chainalysis will now visual display unit Unichain transactions to detect excessive-risk behaviors and end suspicious actions
In a transfer to bolster security and compliance within the decentralized finance (DeFi) sector, Chainalysis has introduced its integration with Unichain, a DeFi-centric Ethereum layer 2 solution developed by Uniswap Labs. This collaboration enables Chainalysis to toughen all token standards on Unichain, offering instruments to visual display unit transactions and title possible illicit actions. The integration objectives to foster increased believe and security for users collaborating with Unichain’s quick rising network.
More inexpensive, Sooner, and Now Extra Fetch
Unichain is designed to offer enhanced tempo, trace-effectivity, interoperability, and decentralization for users collaborating in decentralized shopping and selling. Since its begin, the protocol has attracted almost 100 crypto companies and protocols, including well-known names love Coinbase, Circle, and Lido.
Thru this partnership, Chainalysis extends its automated token toughen to all fungible and non-fungible tokens adhering to ERC-20, ERC-721, or ERC-1155 standards on the Unichain network. This growth a great deal broadens the scope of compliance and investigative workflows on hand to Chainalysis potentialities. By integrating with Unichain, Chainalysis objectives to promote the adoption of the network whereas guaranteeing security and believe for its users.
Enhanced Security Measures with Chainalysis KYT
The integration permits Chainalysis KYT (Know Your Transaction) to visual display unit Unichain transactions in staunch-time, offering actionable alerts and right oversight to detect excessive-risk behaviors and end suspicious actions. Additionally, Unichain addresses will now be incorporated in Chainalysis’s entity screening products, facilitating complete wallet tackle screening.
Chainalysis’s flagship investigation instrument, Reactor, is also updated to permit potentialities to tag the circulate of funds across Unichain, visualize fund movements, and title possible illicit actions.
The blockchain prognosis firm states that this collaboration underscores its commitment to bettering transparency and security inside of the cryptocurrency ecosystem, significantly as Unichain continues to develop and entice a various array of initiatives and users.
