TechFlow news: Frontend fee revenue for Uniswap Labs, the company behind the Uniswap protocol, has surpassed $50 million.
Last October, Uniswap began charging users a 0.15% transaction fee on its web interface and wallet app. In mid-April this year, Uniswap Labs increased the fee from 0.15% to 0.25%.
Year-to-date, cumulative fee revenue has grown more than 13-fold, rising from $3.7 million on January 1 to over $50.6 million today. In July, Uniswap accounted for nearly one-third of total DEX trading volume.
According to The Block's data dashboard, DEXs recorded $154 billion in total trading volume in July, with Uniswap contributing $54 billion.
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