Uni announced that it would build its own chain, and then its stock price surged by 10%.

I am not optimistic about Uni’s announcement to build a chain, because the best time for building a chain has passed.

The competition landscape of the blockchain has basically stabilized. It is difficult to surpass Ethereum or even copy ETH.

The uni team is certainly very strong, but strength cannot be in conflict with the times.

Just like now, if you want to start an e-commerce platform, it is almost impossible. If you make a loss, what will be left?

There are three levels of chain development, ETH is the first level, sol is the second level, and sui sei arb is the third level.

As an extremely conservative person, I like to invest in the first level, invest a little less in the second level, and invest in the third level with the mentality of being able to lose.

Uni wants to independently develop the chain to pave the way for the expansion and strengthening of the uniswap dex, following the path that bnb once took.

Platform coins are similar to okb, gt, and bgb. OKb once had a chain called okt, which is now abandoned.

The bsc chain developed by bnb directly sent bnb to the throne of a 20-fold increase, becoming the most profitable platform coin in 2021.

Eco-currencies such as xvs and cake bake, which rely on the bsc chain, once soared to the sky, but now they have returned to dust.

There are also chain games under the BSC chain, which cause a lot of consumption generated by BNB

The market value of bnb is so high. First, Binance is the first business. It has buybacks and can be used as a gold shovel. It is a typical asset currency. Second, it has the application of the bsc chain. The bsc chain needs to use the bnb chain as fuel, which will inevitably consume bnb. If the demand is greater than the supply, the result is an increase. If the demand is far greater than the supply, it will be a surge.

Building a chain now is just like building an e-commerce platform, which is very difficult. Perhaps only those with a very niche and precise positioning can survive. This has nothing to do with ability, but is the trend of the times. If someone has taken a position, it is really difficult for you to leverage them with the same technology.

Moreover, Uniswap is a major gas consumer on the ETH chain, and users have developed a mentality and habit. If you feel comfortable using it, will it be more comfortable to switch to another one? I don’t think so. So it is very difficult to compete for the user end.

The reason I am not optimistic is that the times have passed, but more importantly, a team must have accurate positioning. It is impossible for a team to do all kinds of business.

You make cars and mobile phones, do live broadcasting and social networking, do e-commerce and do logistics yourself. It is almost impossible to do the best, and it is easy to affect the development of the main business.

Uniswap is already the best dex, and one day it will be able to compete with CEX.

CEX has too much human interference, and listing of coins depends on people, and people make mistakes. Mistakes can be covered up and suppressed, but they will accumulate and explode one day.

There is no human interference in dex. You can list coins and add liquidity. No matter who you are, big or small, you can participate. It has a very wild growth attribute, and the development of the coins listed is also a process of natural selection and birth and death.

Just like A-shares and BTC, A-shares have too much human intervention, and mistakes will continue to accumulate, adding to its fragility. It will rise and fall sharply.

BTC never needs human intervention. It relies on mining machines to maintain the security of the network day after day. It grows wildly, and any vulnerability is released through a sudden crash. If there is a bubble, it will deflate it. If there is a safety hazard, it will automatically reduce the bubble. If someone dumps the market, it will automatically reduce the value of wealth and try to let you extract as little of its value as possible. It is a wild thing, and a series of injuries can only make it stronger. Today, it is extremely tough.

Uni is a good coin, but a good coin may not necessarily rise in value in a short period of time. Good coins do not need to be speculated. You just need to wait patiently for their value to be revealed.

I wonder if you can afford to wait?