Uniswap Labs recently announced the launch of a new feature on Ethereum called L2, which focuses on enhancing scalability. This new development aims to address the challenges faced by the Ethereum network in handling a large number of transactions efficiently. With the introduction of L2, users can expect improved speed and lower fees when using Uniswap, a popular decentralized exchange platform. This advancement is a significant step towards making Ethereum more scalable and user-friendly for its growing user base.