"Forbes" recently reported that Uniswap's transition to its L2 network Unichain will pose significant challenges to the economy and strategic development of Ethereum, including declining income and weakened security. (Background: IOSG Ventures: Does Uniswap really need to develop its own L2 'Unichain'?) (Background: Is DAO governance a joke? Uniswap's push for Unichain is questioned for 'violating the spirit of decentralization': completely ignoring community opinions..) The Ethereum-based decentralized exchange leader Uniswap announced in October this year that it will launch Unichain, a Layer2 network designed for decentralized finance, aiming to achieve further decentralization, maintain low costs, fast transactions, and seamless multi-chain exchanges. Currently, Unichain has officially launched in November. Forbes: Uniswap's shift to L2 will hit Ethereum's income Regarding this, Forbes recently reported that Uniswap's shift to its L2 network Unichain will pose significant challenges to Ethereum's economy and strategic development: For Ethereum, this year has been dark. Now, with Uniswap's exit, Ethereum's economic and strategic future will face significant challenges. This is not just a technical transition, but it also raises questions about the sustainability of Ethereum's scaling strategy, the robustness of the economic model, and the ideal of decentralization of the blockchain ecosystem. Forbes also pointed out that Uniswap, which has been a pillar of decentralized trading activities on the Ethereum network for many years, accounts for about 75% of the decentralized exchange volume on Ethereum, facilitating over $2.4 trillion in transactions. As Uniswap gradually transitions to its own L2 network Unichain, Ethereum's validators may lose about $400 to $500 million in income annually. Uniswap is one of the applications that brings the most Gas fees to Ethereum. Image source: Etherscan In addition, Forbes also pointed out that the more severe impact of this situation is that it may seriously threaten Ethereum's fundamental narrative as a deflationary currency: Uniswap's general routing is the top consumer of Ethereum Gas fees, accounting for 14.5% of Ethereum's Gas fees. This is equivalent to the destruction of $16 billion worth of Ethereum. After Uniswap transitions to Unichain, this destruction mechanism, which reduces a portion of the transaction fee, will greatly weaken the effect of reducing Ethereum's circulating supply, further undermining Ethereum's economic status. Cyber Capital founder: Ethereum is at a critical moment On the other hand, Cyber Capital founder Justin Bons also expressed concerns about the popular Layer2 networks on Ethereum. Supporters believe that Ethereum Layer2 networks have the potential to unlock new types of transactions and applications, thereby driving long-term growth of the Ethereum ecosystem. However, Bons said that Ethereum's reliance on Layer2 for scalability may ultimately result in the deactivation of its network: With more activities migrating from Ethereum to Layer2, its income will decrease, and security will be weakened, forming a vicious cycle. Although Ethereum's scaling solutions can accommodate more transactions, the migration of key protocols such as Uniswap will show that these benefits come at a high cost for Ethereum. Related reports Is DAO governance a joke? Uniswap's push for Unichain is questioned for 'violating the spirit of decentralization': completely ignoring community opinions.. UNI going To The Moon? Over $360 million in fees annually directly to Uniswap holders, refuting the application chain of UNIchain: Is Uniswap's departure from Ethereum the best form?"This article was first published on the BlockTempo of the BlockTempo."
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Uniswap'ın "Unichain"i, Ethereum'un yılda 4-5 milyar dolar gelir kaybetmesine neden olabilir ve ETH'in sıkışmasını daha da zorlaştırabilir.
"Forbes" recently reported that Uniswap's transition to its L2 network Unichain will pose significant challenges to the economy and strategic development of Ethereum, including declining income and weakened security. (Background: IOSG Ventures: Does Uniswap really need to develop its own L2 'Unichain'?) (Background: Is DAO governance a joke? Uniswap's push for Unichain is questioned for 'violating the spirit of decentralization': completely ignoring community opinions..) The Ethereum-based decentralized exchange leader Uniswap announced in October this year that it will launch Unichain, a Layer2 network designed for decentralized finance, aiming to achieve further decentralization, maintain low costs, fast transactions, and seamless multi-chain exchanges. Currently, Unichain has officially launched in November. Forbes: Uniswap's shift to L2 will hit Ethereum's income Regarding this, Forbes recently reported that Uniswap's shift to its L2 network Unichain will pose significant challenges to Ethereum's economy and strategic development: For Ethereum, this year has been dark. Now, with Uniswap's exit, Ethereum's economic and strategic future will face significant challenges. This is not just a technical transition, but it also raises questions about the sustainability of Ethereum's scaling strategy, the robustness of the economic model, and the ideal of decentralization of the blockchain ecosystem. Forbes also pointed out that Uniswap, which has been a pillar of decentralized trading activities on the Ethereum network for many years, accounts for about 75% of the decentralized exchange volume on Ethereum, facilitating over $2.4 trillion in transactions. As Uniswap gradually transitions to its own L2 network Unichain, Ethereum's validators may lose about $400 to $500 million in income annually. Uniswap is one of the applications that brings the most Gas fees to Ethereum. Image source: Etherscan In addition, Forbes also pointed out that the more severe impact of this situation is that it may seriously threaten Ethereum's fundamental narrative as a deflationary currency: Uniswap's general routing is the top consumer of Ethereum Gas fees, accounting for 14.5% of Ethereum's Gas fees. This is equivalent to the destruction of $16 billion worth of Ethereum. After Uniswap transitions to Unichain, this destruction mechanism, which reduces a portion of the transaction fee, will greatly weaken the effect of reducing Ethereum's circulating supply, further undermining Ethereum's economic status. Cyber Capital founder: Ethereum is at a critical moment On the other hand, Cyber Capital founder Justin Bons also expressed concerns about the popular Layer2 networks on Ethereum. Supporters believe that Ethereum Layer2 networks have the potential to unlock new types of transactions and applications, thereby driving long-term growth of the Ethereum ecosystem. However, Bons said that Ethereum's reliance on Layer2 for scalability may ultimately result in the deactivation of its network: With more activities migrating from Ethereum to Layer2, its income will decrease, and security will be weakened, forming a vicious cycle. Although Ethereum's scaling solutions can accommodate more transactions, the migration of key protocols such as Uniswap will show that these benefits come at a high cost for Ethereum. Related reports Is DAO governance a joke? Uniswap's push for Unichain is questioned for 'violating the spirit of decentralization': completely ignoring community opinions.. UNI going To The Moon? Over $360 million in fees annually directly to Uniswap holders, refuting the application chain of UNIchain: Is Uniswap's departure from Ethereum the best form?"This article was first published on the BlockTempo of the BlockTempo."