Uniswap debuts Unichain mainnet, joins crowded ETH L2 ecosystem

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According to CoinGecko, the top Ethereum L2 blockchains according to TVL are Base ($3.1 billion), Arbitrum ($2.7 billion), Polygon ($769 million), Mantle ($357 million) and Gnosis Chain ($310 million)

Unichain is entering a crowded Ethereum layer-2 ecosystem, facing competitors like Arbitrum, Base, Blast, Mantle and Polygon

The new chain could generate nearly $500 million annually for Uniswap Labs and UNI tokenholders by redirecting fees that would have gone to Ethereum validators