Uniswap has generated more than double the fees compared to any other decentralized exchanges (DEXs) in the past 30 days, according to recent data.
Uniswap Leads DEXs in 30-Day Fees
Over the past month, Uniswap DAO has generated nearly $100 million in fees, ranking it highest among the top 20 DEXs. On-chain data shows that Uniswap DAO has registered more fees than the next four decentralized exchanges combined.
As of June 18, Uniswap DAO accounted for more in generated fees than PancakeSwap, Aerodrome, Uniswap Labs, and GMX combined. While PancakeSwap and Aerodrome are on track to surpass $20 million in June, the other two are significantly lower.
Token Terminal considers Uniswap Labs as a separate entity due to its monetization through fees charged to Uniswap users. These fees apply when accessing the DEX protocol via Uniswap Labsβs official frontend application.
In April, Uniswap Labs raised user access fees from $0.15 to $0.25 after receiving a Wells Notice from the US Securities and Exchange Commission (SEC).
Ethereum Tops Blockchains by Fees
Data from Token Terminal shows that the top blockchain platforms by generated fees in the past 30 days are Ethereum, Tron, and Bitcoin.
Most of the top fee-generating applications are on Ethereum, including both Layer 1 (L1) and Layer 2 (L2) solutions. Ethereum currently leads with nearly $180 million in generated fees, while Tron is second with over $130 million, and Bitcoin third with roughly $105 million.
βIn the past 30 days, Ethereum generated the most fees (~$180M). Itβs worth highlighting that Base, despite the relatively low average transaction fee of ~$0.03, still places among the top 20 due to the surge in user activity on the L2,β Token Terminal noted.
Notably, the Base-native DEX platform Aerodrome generates approximately double the fees of its underlying Layer-2 blockchain.
Stay updated with the latest cryptocurrency news and trends on Global Crypto News. Keep exploring to stay ahead in the world of crypto investments and finance.