Crypto: Uniswap Promises $468 Million Per Year To UNI Holders

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!

. @Uniswap generated nearly $1.3b of trading and settlement fees across 5 primary chains over the last year.

The protocol and token holders captured $0 of that value.

[100% went to Liquidity Providers, Ethereum Validators, MEV bots, and the L2 sequencers]

But with the launch… pic.twitter.com/vgpn7xjFky

— Michael Nadeau (@JustDeauIt) October 13, 2024

Unichain: a boon for UNI crypto token holders

Cryptography experts view Unichain by Uniswap as a major new opportunity for UNI crypto token holders.

According to a report by Michael Nadeau from 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, which further enhances the appeal for investors.

Launch of Unichain: What impact on the Ethereum crypto blockchain and its validators?

If Unichain seems to be a boon for UNI crypto token holders, it represents a challenge for Ethereum. Ethereum validators will indeed see a decrease in transaction fees, which could affect their revenues.

Less ETH will be burned, and thus less value will be returned 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 Buterin, co-founder of Ethereum) question the relevance of a dedicated L2 blockchain for Uniswap. However, other cryptography experts welcome this change.

In concrete terms, Unichain promises better interoperability and faster crypto transactions. It also aims to offer DeFi users more concentrated liquidity options. Additionally, it offers:

• the potential to participate in staking,
• the capture of 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.