Uniswap to charge 0.15% to swap certain tokens on web interface and wallet

Quick Take

  • Uniswap will add a new fee starting on Oct. 17 for certain swaps on its web interface and wallet.
  • The 0.15% fee will affect ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC and XSGD. 

The decentralized cryptocurrency exchange Uniswap will start implementing a fee of 0.15% to trade cryptocurrencies on its web app and wallet starting on Oct. 17. 

The tokens affected include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC and XSGD, Uniswap said Monday on its website.

"This is separate from the Uniswap Protocol fee switch, which is voted on by UNI token governance," Uniswap founder Hayden Adams wrote on X.

The new fee follows liquidity pool fees of 0.3% and a protocol fee expected to rise from 0% after after a governance vote. The Block Research estimates that weekly 0.15% swap fee volume is expected to be around $800,000 (about $114,000 a day) with roughly $42 million annualized revenue. 

Uniswap interface fee

"Users have countless choices of ways to use it, through aggregators, other UIs, or by interacting directly with the smart contracts," Adams wrote. "Our interface remains the best – a huge amount of love (and money) goes into making that the case."

"This interface fee is one of the lowest in the industry, and it will allow us to continue to research, develop, build, ship, improve, and expand crypto and DeFi," he continued.

(Updates figures to reflect estimated daily, weekly and annualized swap revenue.)


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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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