On November 12, on the morning when Bitcoin opened nearly at $90,000, the community suddenly discovered that Unichain, a DeFi-focused L2, had launched, causing UNI to soar.

After all, it is a new chain created by the world's largest DEX, Uniswap, so whether it's for profit or for a righteous cause, everyone is determined to participate. However, upon trying it out, it was noted that the infrastructure is not yet fully developed. For example, the gas fee for a cross-chain transfer is approximately 0.04 ETH, $130, and the gas fee for on-chain swaps is also quite high. Subsequently, developers explained in the community that Unichain has not officially launched yet. However, in reality, users can already see some ecosystem development. Below is a summary of Unichain's ecosystem that is currently being widely discussed in the community, compiled by BlockBeats, for reference.

What is in the Ecosystem?

Unichain, as an L2 design, is mainly aimed at promoting more efficient DeFi interactions. The current ecosystem integration is mainly focused on DEX, with subsequent infrastructure and applications to be gradually integrated upon the mainnet launch.

DEX

UnichainSwap

UnichainSwap is the first DEX deployed on Unichain, currently supporting the most basic interactions, liquidity pool provision, and other functions. It is currently the largest DEX on Unichain, with a trading volume of $6.5 million, more than double that of DyorSwap.

DYORSwap

DyorSwap is a multi-chain DEX that has already been deployed on Mode, Merlin, Zeta, and Blast. On November 12, it announced its support for Unichain, becoming the second-largest DEX on the platform with a 24-hour trading volume of $2.8 million.

Stablecoins

On November 12, Circle announced on Platform X that its US dollar stablecoin USDC will soon support Unichain.

Cross-chain Bridge

Unichain supports the ERC-7683 Ethereum cross-chain messaging standard and relies on Across Protocol to facilitate cross-chain transactions between different L2s, enabling liquidity interoperability across various L2s. Other bridges do not seem to have been supported yet, so currently many are relying on on-chain transfers for cross-chain transactions, resulting in exorbitant gas fees.

What Memes Is Everyone Hyped About?

In today's meme-driven market frenzy, every project launching on-chain will feature a batch of native memes or first-release memes. Unichain is no exception to this trend. It is important to note that Uni does not have an inherent meme culture. Based on previous cases like Scroll and Worldchain, memes on Unichain most likely lean towards narrative-driven memes, with little possibility of unleashing alpha-level memes.

Native Narrative Type

$HEY

Haycoin is the first token launched on Uniswap by the founder in 2018 and governed by the community in 2023 to serve the community. Haycoin is one of the few memecoins on Unichain with a native narrative, achieving a 1470% price surge in the last 24 hours.

$UNIPRINTER

Uniprinter, with the slogan "Are you ready to print some $UNI?" announced a gradual burn to drive price increase and give hodlers more UNI. Currently, the price surge is staggering, with a 8191% increase in the last 24 hours.

Zoo Type

$UNICORN

A native logo meme on Unichain, featuring Uniswap's unicorn. It has surged by 6831% in the last 24 hours, with a market cap of $614,000.

$UCAT

A meme of a unicorn cat on Unichain, which experienced about a 10x increase at its peak but nearly collapsed to zero by 1:00 PM.

$UNIDOGE

A dog-type meme on Unichain, also the first-release meme on Unichain. Despite both the Unichain and UnichainSwap communities praising the "unicorn dog," it experienced a listing price drop and did not meet expectations.

Most memes on Unichain do not have native narrative support and are usually based on existing memes, created as derivatives or fan art. This type of meme usually cannot sustain a lasting trend, with most ending in in-house player versus player (PVP) battles and zeroing out. Investors should be aware of the investment risks.

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