🎃Some things you need to know about Uniswap's newly launched DeFi-specific L2 chain #Unichain——

1. This is a dilemma innovation of the old protocol. Most of the current L2 designs are not friendly to DeFi. Uniswap is also aware of the problem of value loss in the transaction execution environment and that DeFi needs its own liquidity chain, so the emergence of Unichain is inevitable.

2. Currently, most Rollups are operated by a single sorter, which is prone to potential single point failures.

Unichain was jointly launched by Uniswap, Flashbots, OP Labs and Paradigm based on OP Stack to solve problems such as verifiable block construction, verifiable sorting, and super applications.

3. The vision is relatively large, but a careful analysis of the highlights and technologies is actually a bit behind the times. In 2022, there was a proposal for Uniswap to switch to UniChain, and perhaps it would be better to do it at that time.

However, L2 has been stagnant for a long time, and new things will more or less bring about internal changes, even if there is some controversy.

4. Uniswap has the confidence to build its own second-layer chain because its own protocol itself is already quite powerful, contributing one-third of the Gas on the Ethereum chain.

In the past year, Uniswap has generated more than $1.3 billion in transaction and settlement fees on Ethereum, OP, BNB Chain, Base and Polygon chains, and the income has flowed to liquidity providers, validators, MEV robots and second-layer network sorters.

In this case, the income from the chain protocol itself can also be sufficient, at least there is no problem in sharing profits with pledgers.

5. The project party is doing things, and Uni will definitely be empowered to a certain extent, but compared with the proposal at the beginning of the year to directly distribute protocol income, the positive impact is still much lower. Let's see whether the on-chain gameplay will change Uni's existing "valueless governance token" model.

6. The old narrative of the application chain, the core is still the same core, the user volume has been established, and the transaction volume has been established. What really depends on whether the cross-chain operability can be played to the extreme and whether it can siphon a large amount of liquidity from the application ecosystem.

7. Again, any application that grows large enough may at some point have similar reasons to consider migrating its main application to its own application chain or rollup.

There are many roles in the cryptocurrency circle, most of them are there to make money, there is no such thing as loyalty or defection.