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crashed hard, and the slap came fast. Time to stand at attention and review. Everyone thought Uniswap’s team, brand, technology, and solid mechanism design would easily crush these short-lived launchpads built on Uniswap’s own tech. But Pools.Trade quickly overtook Pons and then got knocked back just as fast. That was a serious lesson for the market—and for Uniswap. The key mistake? Who is the launchpad really serving? Uniswap focused on lower fees, fairer launches, and deeper liquidity.