BBX Logo

Uniswap Labs launches Unichain to bypass UNI holders, sparking controversy

2024-10-22 09:56

Foresight News reported that according to Protos, Uniswap Labs recently announced the launch of its own blockchain Unichain, which has raised doubts among large holders of UNI tokens about its commitment to decentralization. Stanford's head of cryptocurrency governance, Billy Gao, posted 22 tweets on social media criticizing Uniswap for making major decisions around decentralized autonomous organizations (DAOs). Gao pointed out that the hasty release of Unichain "surprised many people" and kept "representatives in the dark". He further questioned, 'How much control do token holders really have?' Gao also raised speculation about a possible behind the scenes transaction between Uniswap and Optimism. As one of the many second layer networks in the Ethereum ecosystem, Optimism's market value accounts for less than one-fifth of all Ethereum second layer solutions. Why did Uniswap Labs choose OP over other leading second tier solutions, such as Arbitrarum, which has a market value more than twice that of Optimism.

Loading...