Uniswap, founded by Hayden Adams, recently communicated updates to fees for their interface, and specific tokens typically subject to this adjustment. Those affected holding coinages such as Ether, USD Coin, Wrapped Ether (wETH), Tether, Dai, Wrapped Bitcoin (WBTC), Angle Protocol’s agEUR, Gemini Dollar (GUSD), Liquidity USD (LUSD), Euro Coin (EUROC), and StraitsX Singapore Dollar (XSGD) experienced this update. Adams ensures users that this fee is considered to be one of the most low in the market, but, causes a slight subtraction from the processing token amount. Additionally, users should be aware that Ether and Wrapped Ether trading pairs, nor transactions involving stablecoins will be experimentrion with thisupdate.
Uniswap seeing vast popularity and benefits as they rapidly become standouts in a number of properties associated with decentralized exchanges. Thanks to DefiLlama’ss metrics, we can understand that over $3BN Value Locked exists on the their platforms, and with a protocol fee revenue set at $271 million. Not to mention Uniswap owns a treasury balance of $12 million with consistent invested funds adding up to roughly $176 million since their initial venture in 2018.
Uniswap, among its leading competitiors in the decentralized tech, shows no signs of slowing down as their forward advancements including the launch ofbil a IOS app, UniswapX, vast improvements to the normal web app, as well as newly introduced draft code, Uniswap V4.
