Not looking good for $ETH

According to a recent X post by #DeFi Report founder Michael Nadeau, Uniswap’s new layer 2 blockchain #Unichain could potentially earn #Uniswap Labs and UNI holders close to $500 million a year from fees that would’ve otherwise been paid to the #Ethereum network. 
Nadeau also noted that Uniswap Labs would be able to capture all Maximum Extractable Value (MEV) on Unchain because it owns all of the validators on the network. 
In the last year, Uniswap has generated over $1.3 billion in trading and settlement fees across five primary chains, including Ethereum, Optimism, BNB Chain, Base, and Polygon.
#ETH #DeFi #Unichain #Uniswap