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Uniswap achieved fee revenues in excess of 1 billion dollars

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Leading decentralized exchange Uniswap became the first DeFi protocol to generate more than $ 1 billion in platform fees.

Lucas Outumuro, head of crypto data research at IntoTheBlock, shared the chart on Twitter. He shows that the combined revenues from Uniswap’s v2 and v3 network charges exceeded $ 1 billion.

Uniswap achieved fee revenues in excess of 1 billion dollars

Including the fees generated by Uniswap v1 and its deployment of v3 on Optimism, Outumuro notes that since the creation of the protocol in November 2018, Uniswap’s liquidity provider has distributed roughly $ 1.02 billion.

In contrast, IntoTheBlock data show that BTC network Since its launch in 2009, it has generated fees of $ 2.24 billion. Increase in activity in network Ethereum was caused by the sector DeFi and increased total fee income to 4, $ 74 billion in six years.

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NFT overtakes Uniswap

Game powered by Etherereum Axie Infinity has emerged in recent weeks as the leading DApp on fee income. Axie has raised $ 308.5 million in fees over the past 30 days, equivalent to a daily average of nearly $ 10.3 million.

According to data from Dune Analytics, it seems to be a popular market NFT OpenSea Recently, Uniswap has also overtaken fee revenues. The platform generates fees of $ 4.2 million per day. According to CryptoFees, Uniswap represents daily platform fees of $ 3.6 million.

Recent London hardfork ETH introduced a combustion mechanism on the charging market. The growing popularity of Ethereum-based DApps has led to the burning of $ 100 million in ETH. In addition, it was created more than 1,000 deflation blocks for the last week.

According to Ultrasound.Money, OpenSea currently ranks among the leading ETH DApp in terms of combustion rate after the destruction of ETH 3,918 (worth $ 12.5 million). In second place is Uniswap v2 with 2,344 ETH ($ 7.5 million), followed by Axie Infinity with 1,805 ETH (almost $ 5.8 million) and Tether with 1,555 ETH ($ 5 million).

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
BlackRock (IBIT), the Grayscale Bitcoin Trust (GBTC), Fidelity (FBTC), Ark Invest/21Shares (ARKB), Bitwise (BITB), Franklin (EZBC), Invesco/Galaxy (BTCO), VanEck (HODL), Valkyrie (BRRR), WisdomTree (BTCW), Hashdex (DEFI)

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