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Ruholamin Haqshanas
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Ruholamin Haqshanas
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Uniswap Labs, the company behind the Uniswap decentralized exchange (DEX) protocol, has surpassed $50 million in cumulative front-end fees.
The revenue stream stems from a 0.15% fee implemented on user transactions through the Uniswap web interface and wallet app last October.
The firm increased this fee to 0.25% in April, contributing to the rise in collected fees.
Uniswap’s Front-End Revenue Surges to $50M
Since the start of the year, these fees have surged from $3.7 million to over $50.6 million, marking more than a thirteenfold increase.
Uniswap continues to dominate the DEX landscape, maintaining its position as the largest platform by trading volume.
In July alone, Uniswap facilitated $54 billion out of a total $154 billion in swap volume across all DEXs, accounting for nearly one-third of the market.
While Uniswap Labs benefits from these fees, users can bypass them by using DEX aggregators like 1inch, Cowswap, and Paraswap.
Despite the alternatives, Uniswap’s front-end remains the most popular, representing 25.7% of DEX activity in July, compared to 19.8% for 1inch, the leading aggregator.
Uniswap Labs, the company behind the Uniswap decentralized exchange (DEX) protocol, has achieved a significant milestone by surpassing $50 million in cumulative front-end fees.
This revenue stream stems from a 0.15% fee implemented on user transactions through the Uniswap web interface and wallet app last October.
The firm increased this fee to 0.25% in April, contributing to a dramatic rise in collected fees.
Since the start of the year, these fees have surged from $3.7 million to over $50.6 million, marking more than a thirteenfold increase.
Uniswap continues to dominate the DEX landscape, maintaining its position as the largest platform by trading volume.
In July alone, Uniswap facilitated $54 billion out of a total of $154 billion in swap volume across all DEXs, accounting for nearly one-third of the market.
While Uniswap Labs benefits from these fees, users can bypass them by using DEX aggregators like 1inch, Cowswap, and Paraswap.
Despite the alternatives, Uniswap’s front-end remains the most popular, representing 25.7% of DEX activity in July, compared to 19.8% for 1inch, the leading aggregator.
Uniswap Holds $36.81M in Cash and Stablecoins
Earlier this month, the Uniswap Foundation unveiled its financial summary for the second quarter, revealing a lot of cash and stablecoins and not so many UNI tokens.
The report revealed that the Uniswap foundation holds $36.81 million in cash and stablecoins, alongside a modest reserve of 680,000 UNI tokens.
These cash and stablecoin reserves are earmarked for grant-making and operational purposes, while the UNI tokens are allocated for employee incentives.
The foundation expects these funds to support its activities until the end of 2025, with $26.12 million designated for grants and $10.69 million for operational costs.
During Q2, the Uniswap Foundation approved over $3.2 million in new grants and distributed nearly $2.5 million from previously committed grants.
Meanwhile, the foundation’s operating expenses for the quarter reached $1.6 million, with 8.2% directed towards advertising and marketing, 47.9% to payroll, and 35.2% to professional fees.
