- The total front-end fees for Uniswap Labs have surpassed $50 million.
The developer company of the Uniswap protocol, Uniswap Labs, has seen its total front-end fees surpass $50 million.
In October, the platform charged users 0.15% for transactions made using its web interface and wallet app. The accrued fees are given to the labs and serve as a revenue stream for the business. In mid-April, Uniswap Labs raised the pricing of their interface from 0.15% to 0.25%.
As of this writing, the total fees have increased thirteen times from $3.7 million on January 1st to approximately $50.6 million.
This occurs when the volume of on-chain swaps on Uniswap continues to make it the largest DEX.
DEX aggregators like 1inch, Cowswap, and Paraswap are options for users who wish to forego the front-end cost; however, it is important to note that these platforms could have various pricing structures.
The most popular DEX aggregator, 1 inch, accounted for 19.8% of DEX activity in July, while the Uniswap front accounted for 25.7%. The monthly share of activity produced by DEX frontends is used to quantify this.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
