I don’t agree with Uniswap building a chain.

Uniswap announced that it would build a second-layer chain, which makes people feel uncomfortable. In 2022, dYdX said it would build a chain, and I thought it would return to the Ethereum chain sooner or later. dYdX went to Cosmos to build an application chain, and this time Uniswap built a chain on Optimism. I didn’t look at the specifics in detail, but I saw someone post the content of the white paper, saying that UNI would be used for node staking, which can be regarded as empowering UNI. I guess dYdX and Uniswap may have considered avoiding supervision when building chains.

Since projects like Ethereum will not be troubled by supervision when building chains, we will also build chains, and we can also solve the problem of the token economic model. But if dividends are directly distributed to coin owners, it will be too much like "securities". I firmly oppose these projects to build chains. This is like companies like Apple and Xiaomi running to build electric cars.

If you ask me, Uniswap should stop messing around. It made a wallet last year, but the market response was not good. Later, it made browser plug-ins and a bunch of other things. I think most of them are unnecessary, and only a few of them have good functions. Apple made a watch, which was not very popular; it also made glasses, which are also average at present. Of course, Apple is still a very profitable company, and Uniswap is also very profitable. The team might as well lay off most of the developers. If they think V4 is really good, they should develop V4 and stop doing other messy things. It is not the case that the more you do, the better. But my complaints are useless.

The market is not good now, and most project parties are confused like investors. I think most of them don’t have any big problems. They should just sort out their ideas, focus on their main business, and patiently develop users. $UNI $DYDX $ETH