Hivemind: What UniChain Means, Return of Memecoins, and Crypto’s AAA Gaming Moment
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For me, this is just an inevitable thing that the biggest brand in crypto was going to make their own chain. The industry doesn't make sense if you can't build an app and keep the value. Like Yeah.
Right? I
think they're gonna try and position this as, like, the the Solana on ETH, right, where where most of the liquidity sits for for meme coins, for assets, like, bunch of the probably OG Uni LPs will move over. It's definitely an app chain. Nothing said on the hive mind is a recommendation to buy or sell securities or tokens. This podcast is strictly for informational purposes only, and any views expressed by anyone on the show are solely our own opinions, not financial advice. Alright. Hi, everyone, and welcome to another episode of the Hivemind podcast. Today with us, we have the usual gang, my
What are So first of all, I think there's a lot of nuance in this, because UniChain is not making the Uniswap AMM an AppChain. Right? This is, like, Uniswap taking their brand and wanting to become and this is something that, like, I kinda talked about for a while, how, like, I think the end game of Uniswap is just to be this complete, like, consumer finance, platform. Right? And that's why, like, they've done the wallet, and now they're doing this chain too, and they can kinda just own, the entire part of the stack. Like, it's not like UniChain is just gonna be their AMM. Right? And that's it
it's they mentioned they're passing through sequencer revenue to the UNI token, so I I don't know if AMM fees will be passed on. Right? Right? So I don't think they're using this as a a kind of Trojan horse to to turn on a fee switch, but they're basically they're creating a new source of fees, but they're passing those fees along to the UNI token, which is, you know, finally some form of value accrual there. Yeah.
They're also they have this native interoperability solution. Right? It's like leveraging the the super chain stack, but you basically get sub, one block ERC 20 transfers. And then they're trying to push this initiative called ERC 7683, which is it's basically trying to extend that super chain interoperability to to all other chains. And I'm guessing they're gonna try and funnel a lot of users to just to just keep their assets here and then do all their swaps through through AegiswapX, right, where they can just get you the best liquidity wherever it is, and then and then, like, funnel the ass
of of other l twos, I was joking around one of the other big losers is Jared. What what share of his MEV comes from Uniswap? It's gotta be. Yeah.
But do you think that people do you think this actually impacts Uniswap, like, trading activity on l one? I
mean, I guess, how much liquidity you think moves over?
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