News
Uniswap’s monthly fees are approaching $100 million as the platform dominates other DEXs
Uniswap has generated more than double the fees of any other decentralized exchange (DEX) over the past 30 days, the latest data from Token Terminal shows.
With nearly $100 million in fees generated last month, Uniswap DAO ranks first among the top 20 DEXs. According to on-chain data, Uniswap DAO has registered more than the next four decentralized exchanges combined during this period.
Uniswap outperforms DEXs with 30-day fees
As of June 18, Uniswap DAO accounted for more commissions generated than PancakeSwap, Aerodrome, Uniswap Labs, and GMX combined. While PancakeSwap and Aerodrome are both on track to surpass $20 million in June, the next two are well below.
When it comes to Uniswap, Token Terminal includes Uniswap Labs as a separate entity. Primarily, this is due to the monetization of Uniswap Labs via fees charged to Uniswap users. Fees apply to accessing the DEX protocol via the official Uniswap Labs frontend application.
In April, Uniswap Labs increased the fees charged to users who access the DEX via its user interface from $0.15 to $0.25. The move came after the company received a Wells Notice from the US Securities and Exchange Commission (SEC).
Ethereum surpasses blockchains in terms of fees
The latest data from Token Terminal Shows the main blockchain platforms and dApps for commissions generated in the last 30 days such as Ethereum, Tron and Bitcoin.
Most of the applications that generate fees are on Ethereum (both L1 and L2). Currently Ethereum surpasses the others with almost 180 million dollars, while Tron is second with over 130 million dollars and Bitcoin third with around 105 million dollars.
“Over the last 30 days, Ethereum has generated the most fees (~$180 million). It’s worth pointing out that Base, despite the relatively low average transaction fee of ~$0.03 (compared to ~$4.5 on Ethereum L1), still ranks in the top 20 due to increased user activity on L2,” Token Terminal he wrote on X.
Notably, the core native DEX platform Aerodrome generates approximately double the fees of its underlying Layer-2 blockchain.