Unichain Mainnet Launch Brings Value Accrual for UNI Token Holders
Unichain's mainnet went live, marking a significant development for Uniswap’s Layer 2 rollup four months post-announcement. Unichain offers faster transaction finality and features a permissionless fault-proof system, distinguishing itself from other rollups. Concerns were raised about Unichain’s impact on Ethereum's gas fees given Uniswap's major role in the ecosystem. Though the initial migration of users from Uniswap V2 and V3 might be slow, recent implementations indicate potential liquidity growth on Unichain. This launch also introduces a revenue-sharing model, allocating 65% of net chain revenue to Unichain validators and stakers, potentially resulting in annualized revenue of $16 to $33 million for UNI stakers. The existence of a fee switch addresses long-standing issues of value accrual for UNI token holders, promising a better financial outlook for the community as Uniswap strives to maintain its competitive edge.
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