Wu learned that according to DeFi researcher Ignas, Uniswap TVL has slipped to the tenth place in TVL and may fall out of the top ten. From the top 9 dApps in TVL rankings, from Lido Staking, EigenLayer/Babylon Restaking to Pendle, Maker, and Aave, their commonality is related to revenue and capital efficiency. The reason for the decline in Uniswap ranking is that LPs actually suffer losses due to impermanent losses, while WBTC/ETH Pool only generates an APY of 3.7% from transaction fees (without considering impermanent losses). As the transaction migrates to Solana, it does not help Uniswap, resulting in a further decrease in revenue and causing LP to withdraw and transfer. If the fee switch is turned on, it will further lower revenue. Ignas believes that the current solution for Uniswap may rely on Uniswap v4 bringing higher capital efficiency and Hook developers from the external ecosystem, as well as considering using its brand to try launching on Solana. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=37614