**Uniswap Launches Unichain: A Game-Changer for DeFi?**

Uniswap has unveiled its new layer 2 blockchain, Unichain, potentially shifting $368 million in fees from Ethereum validators directly to Uniswap Labs and UNI tokenholders. This move could generate close to $500 million annually, according to DeFi Report founder Michael Nadeau.

Unichain, launched on October 10, promises faster, cheaper transactions and better interoperability. It allows Uniswap Labs to capture all Maximum Extractable Value (MEV), estimated at $100 million last year, benefiting liquidity providers through staking.

While some DeFi experts welcome the streamlined user experience and concentrated liquidity, skeptics, including Ethereum co-founder Vitalik Buterin, question the necessity of another layer 2 blockchain.

Uniswap's latest venture has sparked a lively debate in the crypto community.