Uniswap Labs Revenue Milestone

Uniswap Labs, the developer firm behind the Uniswap protocol, has seen its cumulative front-end fees cross the $50 million mark.

In October, the platform enacted a 0.15% fee for user transactions on its web interface and wallet app. These accrued fees are directed to the labs, providing a new revenue stream for the firm. Mid-April marked an increase in this fee on its interface from 0.15% to 0.25%.

The cumulative fees have surged over thirteenfold year-to-date, climbing from $3.7 million on January 1 to over $50.6 million now.

This comes as Uniswap retains its position as the largest DEX by on-chain swap volume. From a total swap volume of $154 billion during the month, the platform accounted for $54 billion, according to The Block’s data dashboard.

Users wishing to avoid the front-end fee can utilize DEX aggregators like 1inch, Cowswap, and Paraswap, although these platforms may have different fee models.

In July, the Uniswap front represented 25.7% of DEX activity, compared to 19.8% for 1inch, which is the most-used DEX aggregator. This measurement is based on the monthly share of activity generated by DEX frontends.