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Uniswap recently launched its new layer 2 blockchain: Unichain. In this sense, the crypto company promises to redistribute up to 468 million dollars per year to holders of UNI tokens. A major change that could shake up the crypto ecosystem!
Unichain: a benefit for holders of UNI crypto tokens
Cryptocurrency experts see the creation of Unichain by Uniswap as a big new opportunity for UNI crypto token holders.
According to Michael Nadeau of DeFi Report, Unichain could redistribute up to $468 million in transaction fees annually. These funds, which were previously paid to Ethereum validators, will now benefit Uniswap and its users.
The crypto platform also captures a maximum mineable value (MEV), estimated at 10% of total fees. Enough to further strengthen attractiveness for investors.
Launch of Unichain: What impact on Ethereum crypto blockchain and its validators?
While Unichain appears to benefit UNI crypto token holders, it presents challenge for Ethereum. Ethereum validators will indeed see a reduction in transaction fees. Which could affect their income.
Less ETH is burned and therefore less value is 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 an L2 blockchain dedicated to Uniswap. Still, other cryptocurrency experts welcome the change.
Specifically, Unichain promises better interoperability and faster crypto transactions. It also intends to offer more concentrated liquidity options to DeFi users. Added to this:
- the possibility of participating in a bet,
- capture of MEV.
The launch of Unichain could thus mean a turning point in the crypto world. Uniswap, for its part, is gradually positioning itself as a key player on the crypto market.
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My name is Ariela and I am 31 years old. I have been working in the field of web development for 7 years. I only discovered trading and cryptocurrencies a few years ago. But it’s the universe that interests me a lot. And the topics covered within the platform allow me to learn more. A singer in my spare time, I also have a great passion for music and reading (and animals!)
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.
