Uniswap recently launched its new layer 2 blockchain: Unichain. In this sense, the crypto company promises to redistribute up to $468 million per year to UNI token holders. A major change that could shake up the crypto ecosystem!
Unichain: a boon for holders of UNI crypto tokens
Crypto experts perceive the creation of Unichain by Uniswap as a major new opportunity for UNI crypto token holders.
According to a report from Michael Nadeau of DeFi Report, Unichain could redistribute up to $468 million in transaction fees per year. Previously paid to Ethereum validators, these funds will now benefit Uniswap and its users.
The crypto platform also captures the maximum extractable value (MEV), estimated at 10% of total fees. Enough to further strengthen the attractiveness for investors.
Launch of Unichain: What impact on the Ethereum crypto blockchain and its validators?
While Unichain appears to be a boon for UNI crypto token holders, it represents a challenge for Ethereum. Ethereum validators will indeed see a reduction in transaction fees. Which could affect their income.
Less ETH will be burned, and therefore less value will return to the Ethereum blockchain. This transition could redistribute the balance of power between these two giants of the crypto ecosystem.
Will Unichain be the future of DeFi?
Some voices (including Vitalik Buterinco-founder of Ethereum) question the relevance of an L2 blockchain dedicated to Uniswap. Other crypto experts nevertheless welcome the change.
Concretely, Unichain promises better interoperability and faster crypto transactions. It also intends to offer DeFi users more concentrated liquidity options. Added to this:
- the potential for participation in staking,
- capturing the MEV.
The launch of Unichain could thus mark a turning point in the crypto world. For its part, Uniswap is gradually positioning itself as a key player in the crypto market.
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