TechFlow reports, on December 5, according to Forbes, decentralized exchange Uniswap Labs previously announced the launch of Unichain, a standalone blockchain based on Optimism technology. Data shows that Uniswap accounts for 75% of Ethereum's DEX trading volume, having facilitated $2.4 trillion in trading volume and generated $3.8 billion in fee revenue. Its Universal Router contract consumes 14.5% of Ethereum’s gas fees, worth approximately $1.6 billion. Analysis suggests this move could cause Ethereum validators to lose $400–500 million annually in income and significantly impact its deflationary mechanism.
Katalin Tischhauser, Head of Investment Research at Sygnum Bank, stated that while Layer 2 networks may reduce mainnet revenue in the short term, they could foster new types of transactions in the long run. However, Justin Bons, founder of Cyber Capital, warned that user migration to Layer 2 networks would lead to declining mainnet fees, creating a negative feedback loop.
