token holders, Michael Nadeau, founder of DeFi Report, told X in an October 13 post.
Uniswap Labs also owns all validators on the network, rather than allowing #ethereum validators to scalp MEVs, so it can capture the entire maximum extractable value (MEV) on Unchain, he added.
It is estimated that MEVs account for about 10% of the total fees paid to #Uniswap ($100 million last year). They have the opportunity to share some of that amount with token holders, Nadeau said.
He added that Uniswap's liquidity providers can also benefit from the new #blockchain by participating in settling and receiving MEVs through staking.
token holders have the least to lose after the launch of Unichain, as they have less ETH to burn and fewer fees to pay back to the blockchain.
In the past year, Uniswap has generated more than $1.3 billion in transaction and settlement fees on five major blockchains, including Ethereum, Optimism, the BNB blockchain, Base and Polygon.
Uniswap, the largest decentralized exchange by trading volume, launched Unichain on Oct. 10, promising faster and cheaper transactions and improved interoperability between different blockchain networks.
The announcement was met with mixed reviews from decentralized finance professionals (DeFi), with some arguing that a second layer of the blockchain was unnecessary.
Skeptics, on the other hand, found Ethereum co-founder Vitalik Buterin's post in 2022/9X criticizing the idea of a second layer of blockchain for Uniswap.
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