DeFi Report Founder: UNI holders will benefit from Unichain, while ETH holders may be harmed

ChainCatcher news, according to Cointelegraph, DeFi Report founder Michael Nadeau stated on social media that Uniswap Labs and UNI token holders will benefit the most from Unichain, while ETH holders may suffer the greatest losses, with an expected annual revenue of nearly $500 million from fees that would have been paid to the Ethereum network.

Michael Nadeau added: "The launch of Unichain will direct the $36.8 billion paid to Ethereum validators last year straight into Uniswap Labs and potentially Uniswap. Uniswap Labs will also be able to capture all of the maximum extractable value (MEV) on Unichain, as it owns all the validators on the network, rather than allowing Ethereum validators to exploit MEV. It is estimated that MEV accounts for about 10% of the total fees paid on Uniswap (which was $100 million over the past year), and they can choose to share a portion of that with token holders. Additionally, Uniswap's liquidity providers can also benefit from the new blockchain, as they will be able to participate in settlement and MEV capture through staking."

Previously, Uniswap launched Unichain on October 10, promising faster, cheaper transactions and improved interoperability across different blockchain networks.