Unichain (UNI)

What is Unichain? 🤔

Unichain is a modular Optimistic Ethereum L2 backed by Uniswap Labs - the largest by TVL and trading volume DEX and LP protocol. 

It aims to facilitate the growth of the DeFi ecosystem on its chain by offering cheap and fast transaction fees with 1-second block times and soon to be upgraded to 250 ms block times, significantly reducing latency in processing transactions. Such improvement was achieved by increasing the frequency of arbitrage, lowering the value lost to MEV, and developing its own Uniswap sequencer to execute transactions within its network. 

Additionally, as a part of Optimism’s Superchain - a network of modular OP L2s that natively supports communication with each other, Uniswap chain offers web3 developers full EVM compatibility and liquidity interoperability among all OP Stack-powered chains. Finally, boasting large support and fund reserves collected previously from top-tier backers, it provides blockchain builders multiple grants and credits to facilitate even faster growth of its DeFi ecosystem. 

🪙 Unichain token: Usually, when it comes to adding “staking” utility to its token, the L2s implement “decentralization” allowing token holders to run the nodes and execute transactions on the network to earn rewards and Uniswap’s Unichain layer 2 is no exception. While currently the Uniswap sequencer is centralized and doesn’t support staking in the it occurs on most L2s, Unichain claims to resolve this issue in the future by adding support for staking the existing $UNI token on its network. 

Such claims from Uniswap Foundation suggest that it may airdrop a decent amount of $UNI tokens to the active participants of its testnet, which was launched in October 2024. 

Considering this info, our team collected the most notable pros and cons of the Unichain crypto project so you can make a more informed and diligent decision about whether to join the Unichain testnet or not:

✅ Unichain pros: 

• The $UNI token is going to be used for staking and very likely Unichain airdrop. the whole $UNI token supply is already unlocked, meaning there’s no token inflation and a “low Initial market cap - high FDV” scenario;
• Very high PR score;
• Above the average SMM, SEO, Influencer Marketing, and Growth Marketing scores;
• Unichain is a part of the Uniswap Foundation and DAO, which includes no doubt the biggest cross-chain DEX in the entire blockchain industry;
• A strong network of multiple Tier 1 investors with a large number of funds raised; 
• The core team has a work record in the top tier companies like Siemens, and Circle, even excluding the Uniswap foundation.

❌ Unichain cons: 

• L2 narrative is already old and Unichain doesn’t offer something obviously outstanding or exclusive to attract even more users and funds;
• $UNI tokenomics isn’t fully transparent, where some % of tokens aren’t tracked by most of the leading crypto tracking platforms;
• No security audit of Unichain layer 2 was presented despite its relatively recent launch;
• Very weak marketing infrastructure.