Decentralized exchange Uniswap has unveiled a 0.15% swap fee on a specified range of tokens, effective from Oct. 17. Tokens impacted by this adjustment include Ether, USD Coin, Wrapped Ether (wETH), Tether, Dai, Wrapped Bitcoin (WBTC), and several others. However, Uniswap clarified that both tokens involved in a swap must be from the list for the fee to be applicable.
A noteworthy exemption from this fee structure is the Ether and Wrapped Ether trading pairs and transactions between stablecoins. These charges will be withdrawn directly from the output token’s quantity.
Uniswap’s founder, Hayden Adams, emphasized the competitive nature of this fee, asserting that it’s among the lowest in the industry. He believes the collected revenue will significantly fund further advancements and expansions within the Uniswap universe. Some upcoming innovations include new iOS and Android wallets, major web app enhancements, and the unveiling of Uniswap v4.
In terms of industry stature, Uniswap stands out as a top-tier decentralized exchange. Current data indicates a whopping $3 billion total value locked on the platform, yielding over $271 million as annual protocol fees. Since its 2018 establishment, the exchange has garnered $176 million from investors and maintains a robust $12 million in its treasury.
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