💥💥💥 #Uniswap’s cumulative front-end revenue surpasses $50 million
Uniswap Labs has surpassed $50 million in cumulative front-end fees. As the leading decentralized exchange (DEX) by volume, Uniswap accounted for nearly one-third of overall DEX volume in July.
Uniswap Labs, the team behind the Uniswap protocol, has seen its front-end fees grow significantly. The firm recently implemented a 0.15% fee for transactions on its web interface and wallet app, which is directed solely to Uniswap Labs. This fee was increased to 0.25% in mid-April.
Since the beginning of the year, the cumulative fees have surged over thirteenfold, from $3.7 million on January 1st to over $50.6 million.
In July, Uniswap led the DEX space with $54 billion in swap volume out of a total $154 billion. This dominance is reflected in its share of 25.7% of DEX activity for the month. DEX aggregators like 1inch, Cowswap, and #ParaSwap offer users alternatives to avoid these front-end fees, with 1inch being the most popular aggregator with a 19.8% share of DEX activity.
Source - theblock.co
