{"id":17746,"date":"2024-10-14T13:01:48","date_gmt":"2024-10-14T10:01:48","guid":{"rendered":"https:\/\/forklog.com\/en\/uniswaps-potential-500-million-revenue-from-its-own-blockchain-assessed-by-expert\/"},"modified":"2024-10-14T13:01:48","modified_gmt":"2024-10-14T10:01:48","slug":"uniswaps-potential-500-million-revenue-from-its-own-blockchain-assessed-by-expert","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/uniswaps-potential-500-million-revenue-from-its-own-blockchain-assessed-by-expert\/","title":{"rendered":"Uniswap&#8217;s Potential $500 Million Revenue from Its Own Blockchain Assessed by Expert"},"content":{"rendered":"<p>The launch of Uniswap&#8217;s own Layer 2 solution, Unichain, could potentially generate around $500 million annually for Uniswap Labs and UNI token holders, according to analyst Michael Nadeau from The DeFi Report.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">. <a href=\"https:\/\/twitter.com\/Uniswap?ref_src=twsrc%5Etfw\">@Uniswap<\/a> generated nearly $1.3b of trading and settlement fees across 5 primary chains over the last year.<\/p>\n<p>The protocol and token holders captured $0 of that value.<\/p>\n<p>[100% went to Liquidity Providers, Ethereum Validators, MEV bots, and the L2 sequencers]<\/p>\n<p>But with the launch\u2026 <a href=\"https:\/\/t.co\/vgpn7xjFky\">pic.twitter.com\/vgpn7xjFky<\/a><\/p>\n<p>\u2014 Michael Nadeau (@JustDeauIt) <a href=\"https:\/\/twitter.com\/JustDeauIt\/status\/1845565893050270134?ref_src=twsrc%5Etfw\">October 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The largest source of revenue will be fees\u2014over the past 12 months, the decentralized exchange generated $1.3 billion in fees for five major supported networks.<\/p>\n<p>The Uniswap ecosystem could also earn income from MEV through its own validators. <\/p>\n<p>For these reasons, liquidity providers on the platform will also benefit, the expert added.<\/p>\n<p>Among the main losers from Uniswap&#8217;s transition to its own blockchain will be Ethereum. L1 network validators will lose a significant portion of fees from the exchange, amounting to approximately $368 million annually. <\/p>\n<p>According to <a href=\"https:\/\/etherscan.io\/gastracker#gasguzzler\">Etherscan<\/a>, Uniswap is the largest gas payer in the network of the second-largest cryptocurrency by market capitalization.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"151\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/13.17-Gwei-Ethereum-Gas-Tracker-Etherscan-Google-Chrome-1024x151.jpg\" alt=\"13.17-Gwei-Ethereum-Gas-Tracker-Etherscan-Google-Chrome\" class=\"wp-image-243144\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/13.17-Gwei-Ethereum-Gas-Tracker-Etherscan-Google-Chrome-1024x151.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/13.17-Gwei-Ethereum-Gas-Tracker-Etherscan-Google-Chrome-300x44.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/13.17-Gwei-Ethereum-Gas-Tracker-Etherscan-Google-Chrome-768x113.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/13.17-Gwei-Ethereum-Gas-Tracker-Etherscan-Google-Chrome.jpg 1172w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Etherscan.<\/figcaption><\/figure>\n<p>Arbitrum and Base will also lose settlement and MEV fees on the platform.<\/p>\n<p>Since Unichain is created within the Superchain space, Optimism will receive a portion of Uniswap&#8217;s fees, the expert noted.<\/p>\n<p>Earlier, Dan Elitzer, co-founder of Nanscent, reflecting on the implications of the exchange&#8217;s launch of a Layer 2 solution, <a href=\"https:\/\/x.com\/delitzer\/status\/1575497730343899136\">reached<\/a> similar conclusions. Moreover, he believes this will have a significant impact on the DeFi segment as many projects may want to follow the example of the largest <span data-descr=\"decentralized exchange\" class=\"old_tooltip\">DEX<\/span> by turnover.<\/p>\n<p>Back in April, the company behind USDT, Tether Holdings, considered launching its own blockchain but <a href=\"https:\/\/u1f987.com\/en\/news\/tether-abandons-plans-for-proprietary-blockchain-amid-market-saturation\">abandoned the idea<\/a> due to market saturation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The launch of Uniswap&#8217;s own Layer 2 solution, Unichain, could potentially generate around $500 million annually for Uniswap Labs and UNI token holders, according to analyst Michael Nadeau from The DeFi Report. . @Uniswap generated nearly $1.3b of trading and settlement fees across 5 primary chains over the last year. The protocol and token holders [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1179,1138,1391],"class_list":["post-17746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-layer-2-solutions","tag-opinions","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17746"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17745"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}