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Uniswap commissions exceeded $1 million in a month

The total commissions of the decentralized exchange Uniswap for the month exceeded $1 million. The estimated annual income of the platform is $13.6 million, according to portal Token Terminal.

Uniswap Labs, the company behind the decentralized exchange of the same name, introduced a 0.15% fee on some types of tokens on October 17. Commission, with the exception of certain cases, is charged for swaps with the following assets:

  • Ethereum;
  • USDC;
  • wETH;
  • USDT;
  • DAI;
  • WBTC;
  • agEUR;
  • GUSD;
  • LUSD;
  • EUROC;
  • XSGD.

It is worth noting that this is a separate type of collection, not related to the use of the protocol.

Within 24 days since the introduction of new rules for clients, Uniswap Labs’ income from the total commission exceeded $1 million. Over the past 7 days, this figure has grown by 54.4%, according to Token Terminal. The estimated annual income, calculated by portal analysts, is $13.6 million.

On October 12, Uniswap Labs announced the launch of a mobile cryptocurrency wallet for Android. The product is currently in beta testing. Its release is scheduled for the end of 2023.

Source: Cryptocurrency

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