Uniswap Labs announced a new layer 2 solution, Unichain, which promises to change the fee distribution architecture.

Key Aspects of Unichain

Unichain is presented as a scalability solution that will allow Uniswap Labs to reduce payouts to Ethereum validators. Instead, the funds will be directed to Uniswap Labs as well as UNI token holders.

Michael Nadeau's Remarks

The founder of DeFi Report, Michael Nadeau, pointed out that launching Unichain could potentially bring Uniswap Labs about $500 million annually. This is due to eliminating the need to pay Ethereum validators by creating own transaction management space.

Community Reaction

The community is divided. Some analysts welcome the move, seeing it as a logical progression for the protocol. However, Ethereum co-founder Vitalik Buterin criticized the idea of creating a separate layer 2 network for Uniswap, considering it contradictory to the platform's original purpose.

Unichain promises to change fee distribution within the Uniswap ecosystem, making protocols more autonomous. This solution is expected to bring significant dividends for the company and its users.