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Leading AMM Uniswap celebrates its fifth anniversary, how is the yield after enabling coin swapping fees?

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Leading AMM Uniswap celebrates its fifth anniversary, how is the yield after enabling coin swapping fees?

The AMM token exchange protocol Uniswap v1 has been launched for five years now. Uniswap founder Hayden Adam expressed his gratitude in a special tweet to thank everyone for their support. Since the activation of token fees on Uniswap, the profits seem to be able to compete with certain public chains.

AMM Leader Uniswap Celebrates Fifth Anniversary

Hayden Adam, the founder of Uniswap, stated that Uniswap Labs has launched protocols v1, v2, and v3, with v1 being released on November 2, 2018, and has been operating autonomously and permissionlessly since then.

The three protocols by Uniswap Labs have been driven by thousands of developers, serving millions of users, creating billions in liquidity and trillions in trading volume. The impact has been astonishing, and gratitude is extended to everyone who has participated in the DeFi journey.

Uniswap Implements Front-End Coin Swap Fees

Starting in mid-October, Uniswap began charging a 0.15% Swap Fee for certain trading pairs, including:

  • DAI

  • ETH

  • USDC

  • USDT

  • GUSD

  • LUSD

  • XSGD

  • WBTC

  • WETH

  • agEUR

  • EUROC

According to Dune, Uniswap's revenue to date is $742,000, with the USDC/WETH pair being the highest revenue-generating pair contributing $215,000 in revenue two days ago.

Uniswap Revenue

Uniswap's Revenue Still Trails Mainstream Protocols

According to DefiLlama, Uniswap's revenue calculated as a seven-day average is approximately $305,000.

This figure is significantly lower compared to mainstream protocols but seems to be competitive with public chains like Base and Polygon.

Uniswap 0.15% "Interface Fee" Officially Implemented! What is the Effect? Expected Annual Income to Exceed Ten Million Dollars?

Seven-Day Protocol Revenue Ranking