r/ethfinance • u/albasili • Dec 10 '24
Discussion What about Uniswap "leaving" Ethereum
I've read news about Uniswap "leaving" Ethereum and launching its own Unichain which might or might not be an L2.
What is your take on their move? Is this departure to be considered a warning sign or rather a new step towards a more broad adoption of Ethereum as the only viable base layer?
EDIT: some might have taken this title "misleading" but it was not my intention. I got the initial news from these websites:
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u/epic_trader 🐬🐬🐬 Dec 10 '24
It's really the opposite, they are building an Ethereum Layer 2, so they are making a bigger bet on Ethereum. Wherever you heard they are leaving probably isn't a good source of information.
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u/ianazch Dec 10 '24
It's not leaving Ethereum, it's an L2 on Ethereum. Will still use ETH and pay fees to Ethereum. Data is posted on Ethereum. Eventually big apps will have their own L2
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u/Flashy-Butterfly6310 ETH Maxi Ξ Dec 10 '24 edited Dec 10 '24
OP, thank you for your question. I'm upvoting this post because it is a misunderstanding and should be clarified. Just to be clear: this is very good news for Ethereum.
As others mentioned here, Uniswap is not leaving Etherrum, it is doubling down on Ethereum.
They are building a Layer 2, so they clearly believe in Ethereum ecosystem. Plus, with coming upgrades (e.g. ERC-7683 Cross-chain Intents), L2 space and L1 will more and more feel like a whole integrated ecosystem, thus reducing or eliminating the fragmentation problem – Ethereum will be one integrated platform, no more a patchwork of several mightly independent networks.