According to PANews, Uniswap Labs, the development company behind the Uniswap protocol, has accumulated over $50 million in front-end fees. In October, the protocol began charging a 0.15% fee on user transactions through its web interface and wallet application. These fees are solely for Uniswap Labs, marking a significant revenue stream for the company. In mid-April, Uniswap Labs increased this fee from 0.15% to 0.25%. Since the beginning of the year, the cumulative fees have grown more than thirteenfold, rising from $3.7 million on January 1 to over $50.6 million currently.
Meanwhile, Uniswap continues to be the largest decentralized exchange (DEX) by trading volume, accounting for nearly one-third of the overall DEX trading volume in July. For instance, according to data from The Block, Uniswap handled $54 billion out of the total $154 billion in Swap transactions for the month.
