On the morning of November 12, when Bitcoin was almost $90,000, the community suddenly discovered that Unichains L2 focusing on DeFi was launched, and UNI soared in response.
After all, it is a new chain made by Uniswap, the worlds largest DEX. Whether it is for fun or for fun, everyone is bound to participate. But after actual operation, it is found that the infrastructure is not yet perfect. For example, the gas for a cross-chain transfer is about 0.04 ETH, 130 US dollars, and the gas for the swap on the chain is also relatively abstract. Later, the developer explained in the community that Unichain has not been officially launched. But in fact, everyone can already see some of the ecological progress. The following is the Unichain ecology that is currently discussed more in the community, sorted out by BlockBeats, for your reference.
What are the ecosystems?
Unichain, as an L2 design, is mainly positioned to promote more efficient DeFi interactions. Currently, the integration of the ecosystem is mainly on DEX, and subsequent infrastructure and applications will be integrated with the launch of the main network.
DEX
UnichainSwap
UnichainSwap is the first DEX deployed on Unichain. It currently supports the most basic interactions and pool building to provide liquidity. It is also the largest DEX on Unichain, with a transaction volume of 6.5 million US dollars, more than twice that of DyorSwap.
DYORSwap
DyorSwap is a multi-chain DEX that has been deployed on Mode, Merlin, Zeta, and Blast. On November 12, it announced support for Unichain, becoming its second largest DEX, with a 24-hour trading volume of $2.8 million.
Stablecoins
On November 12, Circle published a statement on the X platform stating that its USDC stablecoin will soon support Unichain.
Cross-chain bridge
Unichain supports the Ethereum cross-chain intention standard of ERC-7683, and relies on Across Protocol to cross-chain between different L2s, thereby communicating the liquidity between various L2s. Other bridges do not seem to be supported yet. Currently, many people cross-chain by transferring money through the main network, and the gas cost is outrageous.
What meme is everyone hyping?
In today’s hot meme market, every project that officially announces to build a chain will have a batch of native memes or first-release memes, and Unichain is no exception. It should be noted that there is no innate meme culture on Unichain. According to the previous cases of Scroll and Worldchain, the memes on Unichain are most likely PVP, and the possibility of the emergence of track-level alpha is very small.
Original narrative
$HEY
Haycoin is the first token launched by the founder of Uniswap on Uniswap in 2018, and will be governed by the community and serve the community in 2023. Haycoin is one of the few memecoins on Unichain with a native narrative, and has achieved a 1470% increase in 24 hours.
$UNIPRINTER
Uniprinter, with the slogan Are you ready to print some $UNI?, announced that it would gradually burn the pool to push up the price of the currency, so that holders can have more UNI. The current increase is exaggerated, with a 24-hour increase of 8191%.
Zoo
$UNICORN
The original logo meme on Unichain is the Uniswap unicorn. It has risen 6831% in 24 hours and its market value has reached 614,000 US dollars.
$UCAT
The unicorn-type meme on Unichain had a maximum increase of about 10 times, but it was almost zero at 1:00 p.m.
$UNIDOGE
The dog-type meme on Unichain is also the first meme on Unichain. Although the communities including Unichain and UnichainSwap are applauding Unicorn Dog, it fell below the issue price at the opening, which is far below expectations.
Most memes on Unichain are not supported by original narratives and are usually imitations and secondary creations based on existing memes. Most of these memes cannot have a sustained market, and most of them end up in PVP and zero. Investors should pay attention to investment risks.
