I wouldn't say it's a "problem", if people like wHIVE and Balancer, it is still allowing more liquidity.

But from a purely "For the Good of The Hive!" perspective, yes, getting a stronger presence on uniswap, especially the wETH/wHIVE pair would help the most in the current meta. It is by far where the most trading would occur.

But the second most important is 1inch, and since that's just looking at all the other exchanges, Balancer liquidity can still be found.