Odaily Planet Daily News: DeFi researcher Ignas posted on X that Uniswap TVL has slipped to the tenth place in TVL and may fall out of the top ten. From the top 9 DApps in TVL rankings, from Lido Staking, EigenLayer/Babylon Restaking to Pendle, Maker, and Aave, their commonality is related to yield and capital efficiency. It is worth mentioning that Tron's JustLend and Morpho are catching up with Uniswap. The decline in Uniswap ranking is due to many LPs actually losing money due to impermanent losses, while the WBTC/ETH pool only generates an APY of 3.7% from transaction fees (without considering impermanent losses). Due to the high transaction costs and low TPS of Ethereum (even on L2), the migration of transactions to Solana further reduces Uniswap returns, causing LPs to withdraw their capital and transfer it elsewhere, while fee switches will further lower returns, forcing LPs to leave. 10 days ago, Uniswap v4 was launched with a cumulative TVL of $65 million (only 1 inch token is worth $20 million). The current solution for Uniswap may rely on Uniswap v4 to bring higher capital efficiency and external ecosystem Hook developers, while providing incentives for developers to build on Uniswap v4. In addition, Uniswap may also consider using its brand to try launching on Solana.