• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Unichain by Uniswap: New Blockchain Network and Its Market Impact

user avatar

by Giorgi Kostiuk

2 years ago

Uniswap has introduced Unichain, a new blockchain network that could significantly boost profits for Uniswap Labs and its token holders.

Impact of Unichain on Uniswap Labs and Token Holders

With the launch of Unichain, $368 million previously paid to Ethereum validators can now be directly redistributed to Uniswap Labs and Uniswap tokenholders. DeFi Report founder Michael Nadeau claims that Uniswap Labs can also capture all Maximum Extractable Value on Unichain since it owns all of the network's validators.

MEV is estimated to be about 10% of total fees paid on Uniswap ($100m over the last year). They will have the option to share some of this with token holders as well.Michael Nadeau

Implications for the Ethereum Ecosystem

Nadeau also stated that Ethereum validators and ETH token holders would be the most affected following the Unichain launch, with less burned ETH and fewer fees returning to the blockchain.

Reactions to Unichain Launch

Uniswap, the largest decentralized exchange by volume, launched Unichain on October 10, promising faster and cheaper transactions. However, the launch was met with mixed reactions. While many claim that it will improve the DeFi user experience, some skeptics, including Vitalik Buterin, criticized it.

Uniswap’s main value proposition is that you can just go and get a trade done in 30 seconds without thinking about it. A Uniswap chain or even rollup makes no sense in that context.Vitalik Buterin

The launch of Uniswap's Unichain could significantly impact token holders and the Ethereum ecosystem, but reactions remain mixed.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Capital B Secures Shareholder Approval for Aggressive Bitcoin Treasury Strategy

chest

Capital B has received shareholder backing for a significant Bitcoin treasury financing plan, allowing the company to raise capital for future BTC accumulation.

user avatarAndrew Smith

Capital B Aims to Become Major European Bitcoin Treasury Company

chest

Capital B is positioning itself as a European corporate Bitcoin treasury vehicle with a long-term goal of acquiring 1% of Bitcoin's circulating supply by 2033.

user avatarDavid Robinson

Morgan Stanley Proposes Low-Fee Ethereum and Solana ETFs

chest

Morgan Stanley has proposed low-fee Ethereum and Solana ETFs with a 0.14% annual sponsor fee, retaining 95% of staking rewards for investors.

user avatarJacob Williams

AllUnity Expands Europe's Stablecoin Market with SEKAU

chest

AllUnity has launched SEKAU, a Swedish krona-backed stablecoin designed for institutional settlement and digital payments under the EU's MiCA framework.

user avatarZainab Kamara

Safety Tips for Crypto Users Amid Malware Threat

chest

Microsoft provides practical safety tips for cryptocurrency users to avoid falling victim to clipboard malware.

user avatarAyman Ben Youssef

New Malware Campaign Targets Crypto Users

chest

Microsoft Threat Intelligence reports a new malware campaign named TrojanWin32CryptoBanditsA targeting cryptocurrency users by manipulating clipboard data.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.