Uniswap’s Transfer to Unichain: Winners and Losers Emerge

• Uniswap’s transfer to Unichain will profit UNI token holders.
• Uniswap Labs and liquidity suppliers are additionally going to learn. 
• Ethereum validators will lose an enormous chunk of the charges they obtain from Uniswap.

Uniswap, a number one decentralized crypto change (DEX), is shifting to Unichain later this 12 months. This shift will convey main adjustments to the platform and create worth for holders of UNI, the DEX’s native token.

Michael Nadeau, founding father of The DeFi Report, took to X to elucidate how this transfer to Unichain—the DEX’s new Layer 2 answer throughout the OP Superchain—will have an effect on UNI holders, validators, and others concerned with the DEX.

Nadeau identified that Uniswap generated $1.3 billion in buying and selling and settlement charges over the previous 12 months, however the protocol and token holders didn’t get to maintain all of that worth. 100% of the income went to liquidity suppliers, Ethereum validators, MEV bots, and Layer 2 sequencers.

Winners of the Transfer to Unichain

The largest change will probably be for Ethereum validators, who at present obtain $368 million for his or her companies. After the transfer, UNI token holders and Uniswap Labs will seize extra of the worth they generate.

Moreover, Nadeau highlighted that, together with Ethereum settlement charges, Uniswap will be capable to maintain MEV charges as a result of they are going to personal the validators on Unichain. MEV charges at present make up 10% of the whole charges ($100 million over the previous 12 months). The protocol may have the choice to share these good points with UNI token holders.

Lastly, whereas speaking about liquidity suppliers, Nadeau stated: 

“LPs will proceed to obtain 100% of buying and selling charges, and could possibly take part in settlement & MEV as properly as soon as Unichain is reside.”

Losers within the Shift to Unichain

Nadeau additionally defined that whereas Uniswap Labs, UNI token holders, LPs, and Optimism stand to achieve so much from the transfer to Unichain, Ethereum validators and ETH token holders will lose an enormous chunk of the $368 million in settlement charges that at present come from Uniswap.

Furthermore, Arbitrum and Base sequencers may even lose settlement charges and MEV to Unichain. Nadeau stated that Uniswap is aiming to “management extra of the worth they’re creating by their interface and good contracts.”