According to Foresight News, Forbes reported that Uniswap accounts for about 75% of all DEX trading volume on Ethereum. As Uniswap transitions to its own chain Unichain, validators on the Ethereum network may lose about $400 million to $500 million in revenue each year. More serious than the economic loss is that this threatens the basic narrative of Ethereum as a deflationary currency. Uniswap's universal router is the largest account consuming gas fees, accounting for 14.5% of Ethereum's gas fees, equivalent to destroying $1.6 billion worth of Ethereum.