Unichain embodies the movement of the modern crypto stack - owning every layer except the L1 – showcasing the evolution from single crypto application to crypto platform.
Over time, I expect more applications to mirror @Uniswap where the core application benefits from synergies of the protocol and, eventually, it's own chain.
The properties of the protocol layer allow for composability and permissionless access while the application layer offers greater defensibility and a tangible moat.
L2s offer more specialized usage and control over economics and blockspace, which offer synergies with the protocol and application layer.
By verticalizing the stack, in turn, Uniswap (App + protocol + chain) starts to look more like a platform where Uniswap controls a few key applications (e.g. wallet, swaps front-end, uniswapX) but offer other applications a way to build adjacent apps on top of the protocol and chain.
Over time, I expect more applications to mirror @Uniswap where the core application benefits from synergies of the protocol and, eventually, it's own chain.
The properties of the protocol layer allow for composability and permissionless access while the application layer offers greater defensibility and a tangible moat.
L2s offer more specialized usage and control over economics and blockspace, which offer synergies with the protocol and application layer.
By verticalizing the stack, in turn, Uniswap (App + protocol + chain) starts to look more like a platform where Uniswap controls a few key applications (e.g. wallet, swaps front-end, uniswapX) but offer other applications a way to build adjacent apps on top of the protocol and chain.
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