Uniswap, a core decentralized exchange (DEXs) operating in the crypto space, is set to introduce a 0.15% swap fee for certain tokens within its web application and wallet starting today October 17 (GMT), marking a shift from the platform's previous no-fee structure.
According to , the tokens affected by this fee adjustment include Ethereum (ETH), USD Coin (USDC), Wrapped Ether (WETH), Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Angle Protocol (agEUR), Gemini Dollar (GUSD), Liquidity USD (LUSD), Euro Coin (EUROC), and StraitsX (XSGD).
It's also important to note that the aforementioned fees will only be applicable if both the input and output tokens are on the list.
Uniswap's founder,
I work in crypto because of the immense positive impact I believe it can have on the world, removing gatekeepers and increasing access to value and ownership.
— hayden.eth 🦄 (@haydenzadams) October 16, 2023
I’m proud of the ways @Uniswap Labs has contributed to that effort and want to make sure we’re creating sustainable…
, , UniswapX, substantial improvements to their web application, Permit2, draft codebase, and other initiatives in the platform's pipeline.
As one of the premier DEXs, Uniswap represents a substantial presence in the industry. Public blockchain data reveals that the platform currently holds a total value of $3 billion, with an annualized protocol fee revenue exceeding $271 million. On top of this, Uniswap also maintains a and has secured $176 million in investments since its inception in 2018.
Recent reports also shed light on , with plans to secure $62 million in additional funding to bolster infrastructure development and support ecosystem grants.
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