Would Uniswap be better off on its own appchain?
The latest improvements to Uniswap, the largest decentralized crypto exchange by volume, are on their way, with draft code recently released for the community to scrutinize. The V4 update will introduce a number of improvements, including “hooks” — smart contracts that interact and build on top of custom pools — and architectural efficiencies that should significantly reduce gas costs. So once V4 is settled, what’s coming up for Uniswap? On a recent Empire podcast (Spotify / Apple), Blockworks research analyst David Rodriguez says the next “obvious step” would be for Uniswap to operate its own app chain . Owning and operating “the entire stack,” as opposed to running on Ethereum, provides important advantages, Rodriguez says. “Not only can you potentially monetize at every layer of the stack, but because you own that full stack, you’re actually able to have full customization of your application.” On an app chain like those offered in the Cosmos ecosystem, applications and ch...