Uniswap v3 flips v2 on volume — and both versions flip Bitcoin on fee revenue
Both iterations of the world’s most popular DEX now generate more fee revenue than Bitcoin. The world’s largest decentralized exchange keeps growing and the newly-launched third iteration has now surpassed version two in terms of daily volumes.In addition to v3 topping the daily transaction volumes of v2, both have individually surpassed Bitcoin in terms of daily fee generation. The move was observed by Uniswap founder Hayden Adams who commented that both are earning more daily and weekly fees than Bitcoin miners.Data from Cryptofees showed that Uniswap v3, which was launched on May 5,....
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The decentralized finance (DeFi) market is slumping as large-cap tokens like Uniswap (UNI), Yearn.finance (YFI), and Maker (MKR) decline. Atop the lackluster performance of major tokens, the volume of the Uniswap decentralized exchange has substantially dropped. On September 1, when Uniswap surpassed Coinbase Pro in daily volume, it processed $953.59 million of volume in 24 […]
Liquidity provider fees for Uniswap have surpassed BTC network revenue on a seven-day average. Uniswap has surpassed Bitcoin in terms of daily fee generation for two days in a row.The fee flippening was observed by crypto industry blogger Evan Van Ness citing figures from CryptoFees, a website that compares the daily fees generated by the top blockchain networks.Uniswap has fully flipped #Bitcoin in fees Wouldn't surprise me if market caps were 1) $ETH 2) $UNI 3) $BTC in the future. pic.twitter.com/iNUe7Jmw9c— Evan Van Ness (@evan_van_ness) May 11, 2021 Uniswap founder Hayden....
The greater DeFi category has given birth to a variety of cryptocurrency market winners over the last year or so, but few have become as dominant as Uniswap. Not only has the related UNI token performed incredibly well itself, Uniswap’s dominance has resulted in DEX volume growing more than 1,000 times from this point last […]
One of the largest decentralized exchange (dex) platforms in terms of trade volume, Uniswap, has announced that the dex community has approved a governance proposal to support the Polygon blockchain.
Uniswap to Support Polygon PoS Blockchain
In terms of trade volume, statistics show that Uniswap version three (v3) commands the largest 24-hour trade volume with $1.5 billion swapped during the last day. As far as total-value locked (TVL) in defi is concerned, Uniswap has $8.6 billion on December 19, 2021. That’s the second-largest TVL below Curve Finance’s $21.8....
Several users have aired complaints about the new version, especially its higher gas fees. The founder of Uniswap, Hayden Adams, has reported that the launch day of Uniswap’s v3 iteration was more successful than its predecessor in terms of volume.In a tweet on May 6th, Adams declared the launch of Uniswap v3 the day before a resounding success. He noted that over its first 24 hours of going live v3 had already processed more than twice the volume that v2 saw in its first month.Dividing Uniswap’s volume by total value locked, or TVL, Adams asserted the platform is operating with greater....