TechFlow news, October 22 — According to Protos, Uniswap Labs recently announced the launch of its own blockchain, Unichain, sparking skepticism among large UNI token holders about the project's commitment to decentralization. Billy Gao, Head of Stanford Crypto Governance, posted a 22-tweet thread on social media criticizing Uniswap for making major decisions without going through its decentralized autonomous organization (DAO).
Gao pointed out that the rushed rollout of Unichain "caught many by surprise" and left "representatives in the dark." He questioned, "How much actual control do token holders really have?" Gao also raised speculation about potential backroom deals between Uniswap and Optimism. As one of many Layer-2 networks in the Ethereum ecosystem, Optimism holds less than one-fifth of the total market share among all Ethereum Layer-2 solutions. Gao questioned why Uniswap Labs chose OP over other leading Layer-2 solutions such as Arbitrum, which has a market cap more than twice that of Optimism.
