Unichain's TVL has dropped 80% from its peak. Since Gauntlet aggressively took charge of UNI liquidity mining, Unichain experienced a brief peak, with miners making a fortune. However, it failed to seize the opportunity to create organic demand. If Unichain continues to slump, it will significantly impact UNI's ceiling, as Uniswap's trading volume and scale are already relatively fixed, while facing numerous challengers and immense pressure.