In what can only be described as the legal equivalent of a sword fight in a phone booth, Bancor Network (BNT) has decided to wave a lawsuit at the unsuspecting Uniswap (UNI). Apparently, Bancor believes that their brilliant invention—somewhere around the age of eight—has been used without so much as a “please” or a complimentary blockchain faucet. They are demanding compensation, perhaps in ETH, perhaps in dignity, for the privilege of having their patent rights trampled over like a cat on a keyboard.
- The Bancor Protocol is politely requesting compensation from Uniswap Labs for using its technological baby without the parental permission for the past eight years. It’s quite a grudge—it’s practically a blockchain soap opera.
- The Uniswap Labs team, ever the calm and collected, will likely claim their algorithms are different, because what’s a lawsuit without a bit of creative legal gymnastics?
The 
and 
folks, who are basically the guardians of the Bancor universe, have filed a formal complaint in the courts of New York. It’s the kind of drama that would make a reality TV star blush. The lawsuit screams for Uniswap to cough up some ETH for allegedly piggybacking on Bancor’s tech—tech that has powered decentralized exchanges for nearly a decade, more or less.
“Bancor’s patented technology is one of the most important innovations in blockchain, and we are exceptionally proud of the role it has played in revolutionizing the world of decentralized finance. By making decentralized exchanges a reality, Bancor’s invention has forever changed how cryptocurrencies are traded. Since developing this technology, Bancor’s mission has always been the same: to bring innovative inventions to DeFi that push the boundaries of what’s possible,”
– Mark Richardson, the guy with the plan at Bancor
The Bancor Protocol team is basically claiming that Uniswap Labs benefited from their tech without so much as an “I’m sorry” or a carve-out in the digital ‘gift’ registry. Hayden Adams, the founder and general face of Uniswap, dismisses the whole thing with a flourish of sarcasm: “Possibly the dumbest thing I’ve ever seen. I look forward to not thinking about this again until a lawyer tells me we won.” Polished and poetic as ever, Hayden.
“Possibly the dumbest thing I’ve ever seen. I look forward to not thinking about this again until a lawyer tells me we won.”
Market Shakeups and the Crypto Soap Opera
This lawsuit is more than just a courtroom drama; it’s like a wake-up call for the decentralized exchange industry. If Bancor wins, expect a ripple effect that could send other US-based DEXes scrambling for legal life jackets. But in the corner, Uniswap’s been playing it cool, asserting that their algorithms are as different as cats and dogs, and that their new features—like liquidity hooks—are basically a different game of blockchain charades.
Meanwhile, Uniswap has had a bit of an evolution, sprouting new features and hooks not found in Bancor’s well-aged recipe, which might give them a fighting chance to claim “not guilty” in the court of patent law.
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2025-05-21 00:52