The launch of 'Unichain' by Uniswap could result in an annual loss of 400-500 million US dollars in revenue for Ethereum, making it more difficult for ETH to achieve deflation.

Forbes reported recently that Uniswap's transition to its L2 network Unichain will bring significant challenges to the economy and strategic development of Ethereum, including declining revenue and weakened security. (Background: IOSG Ventures: Does Uniswap really need to develop its own L2 'Unichain'?) (Background: DAO governance a joke? Uniswap's push for Unichain questioned for 'violating the spirit of Decentralization': completely ignoring community opinion..) Uniswap, a leading Decentralization exchange on Ethereum, announced in October this year the launch of Unichain, a Layer2 network designed for Decentralized Finance, aimed at achieving further Decentralization, maintaining low costs, fast transactions, and seamless multi-chain exchange. Currently, Unichain has officially launched on Mainnet in November. Forbes: Uniswap's shift to L2 will impact Ethereum Mainnet's revenue Forbes recently reported that Uniswap's shift to its L2 network Unichain will bring significant challenges to the economy and strategic development of Ethereum: This is not just a technical shift, but it also raises doubts about the sustainability of Ethereum's scaling strategy, the robustness of its economic model, and the Decentralization ideals that support the Blockchain ecosystem. Forbes also pointed out that Uniswap has been a pillar of Decentralization trading activities on the Ethereum network for many years, accounting for about 75% of all Decentralization exchange volume on Ethereum, facilitating over $2.4 trillion in transactions. As Uniswap gradually transitions to its own L2 network Unichain, validators on Ethereum could lose about $400 to $500 million in annual revenue. Uniswap is one of the applications that brings the most Gas fees to Ethereum. Source: Etherscan In addition, Forbes also pointed out that the more severe impact of this situation is the potential threat to Ethereum as a deflationary currency: Uniswap's general routing is the top account for Ethereum Gas fee consumption, occupying 14.5% of Ethereum's Gas fees. This is equivalent to the destruction of $1.6 billion worth of Ethereum. After Uniswap transitions to Unichain, this destruction mechanism will greatly reduce Money Laundering and have a significant effect in reducing Ethereum's circulating supply, further weakening Ethereum's economic status. Cyber Capital founder: Ethereum is at a crucial moment On the other hand, Cyber Capital founder Justin Bons expressed concern about the popular Layer2 networks on Ethereum. Supporters believe that Ethereum Layer2 networks have the potential to unlock new types of transactions and applications, driving long-term growth of the Ethereum ecosystem. However, Bons stated that Ethereum's reliance on Layer2 for scalability may ultimately lead to the Mainnet losing its activity: With more activities moving from Ethereum Mainnet to Layer2, its revenue will decrease, and security will also be weakened, leading to a vicious cycle. While Ethereum's scaling solution can accommodate more transactions, the migration of key protocols like Uniswap will show that these benefits come at a high cost for Ethereum. Related reports: DAO governance a joke? Uniswap's push for Unichain questioned for 'violating the spirit of Decentralization': completely ignoring community opinion.. UNI to The Moon? Over $360 million in annual fees directly to Uniswap holders, rebuttal to UNIchain application chain: Is Uniswap's departure from Ethereum the best form? 'Uniswap's launch of 'Unichain' may lead to a $4-5 billion loss in annual revenue for Ethereum, making deflation more difficult for ETH' This article was first published on BlockTempo, the most influential Blockchain news media in the dynamic area.