Uniswap Fees: A BITE TAKEN OUT OF DEX DOMINANCE? 😱
Uniswap's swap fee increase from 0.15% to 0.25% in mid-April might be taking a toll on #DEX activity. Data shows a drop from 35.8% to 30% on their frontend. But wait! This doesn't tell the whole story.
Traders can still use Uniswap through aggregators, other interfaces, or directly interact with the smart contract to avoid the higher fees. While the official interface might see a dip, overall DEX usage might not be as impacted.
The fee hike does generate Uniswap Labs over $145,000 daily, funding further development.💸
Is the trade-off worth it ??