Uniswap's cumulative front-end fees exceed $1 million within a month

Quick Take

  • Uniswap Labs’ front-end fees have topped $1 million within a month.
  • The firm introduced a 0.15% fee in mid-October that applies to web interface and wallet app transactions.

Uniswap UNI -3.21% Labs, the developer firm behind the Uniswap protocol, has seen its cumulative front-end fees exceed the $1 million mark within a month of their introduction.

The protocol enacted a 0.15% fee on Oct. 17, affecting transactions made by users on its web interface and wallet app with assets such as ether, wrapped bitcoin and a suite of stablecoins, including USDC and DAI.

This new fee structure stands apart from the longstanding 0.3% protocol fee that Uniswap has charged its users, which serves as an incentive by being distributed among liquidity providers. In contrast, the newly accrued front-end fees are directed only to Uniswap Labs, marking a fresh revenue stream for the firm.

Users looking to avoid the front-end fee have the option to utilize alternative interfaces such as 1inch or Matcha — though it is worth noting that these platforms may offer different fee models.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

In the last 25 days since its introduction, the front-end has accumulated a total of $1.1 million, according to The Block dashboard. This is an average revenue of $44,000 per day, which amounts to an annualized revenue of over $16 million.

In the last day, more than 16% of all Uniswap trading volume was done via the front-end, data from Dune Analytics shows.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Vishal Chawla is The Block’s crypto ecosystems editor and has spent over six years covering tech protocols, cybersecurity, artificial intelligence and cloud computing. Vishal likes to delve deep into blockchain intricacies to ensure readers are well-informed about the continuously evolving crypto landscape. He is also a staunch advocate for rigorous security practices in the space. Before joining The Block, Vishal held positions at IDG ComputerWorld, CIO, and Crypto Briefing. He can be reached on Twitter at @vishal4c and via email at [email protected]