Unichain could raise $468m a year for Uniswap Labs and UNI token holders: DeFi Report
Founder of DeFi Report, Michael Nadeau, concluded that Uniswap’s upcoming layer 2 solution, Unichain, could bring in more value for Uniswap Labs and its token holders.
In an Oct. 14 X post, Michael Nadeau, the founder of DeFi Report, stated that Uniswap Lab’s latest layer 2 solution, Unichain, could potentially earn them nearly $500 million a year from settlement fees that would otherwise be paid to the Ethereum network.
He explained that the protocol will no longer have to pay a settlement fee of $368 million to Ethereum(ETH) validators once they launch Unichain. Instead, the funds will go to Uniswap Labs and most likely UNIUniswap
uni
-5.12%
Uniswap token holders.
In addition to the settlement fees, Uniswap could potentially reap benefits from staking maximal extractable value, which is the maximum value miners or validators can get from rearranging and reordering transactions waiting to be added to the blockchain.
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