Uniswap Labs, the developer behind the Uniswap protocol, has racked up more than $50 million in cumulative front-end fees. In October, the protocol charged a 0.15% fee for user transactions on its web interface and wallet app. The fees are only for Uniswap Labs, marking a revenue stream for the company. In mid-April, Uniswap Labs increased the fee on its interface from 0.15% to 0.25%. So far this year, the cumulative fee has increased more than thirteen-fold, from $3.70 million on January 1 to more than $50.60 million now.
Meanwhile, Uniswap remains the most traded DEX, accounting for nearly a third of the overall DEX volume in July. For example, according to The Block's data dashboard, Uniswap accounted for $54 billion of the $154 billion in total Swap transactions during the month.
Uniswap's cumulative front-end revenue exceeds $50 million
2024-08-13 05:48:26
Uniswap protocol behind shipping company uniswap labs cumulative front end feedesk3cryptocurrencydesktopCrypto News
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