Uniswap’s New Fee Structure: Are You About To Pay More For These Tokens?
17 Outubro 2023 - 6:00PM
NEWSBTC
Recently, Uniswap, a prominent decentralized exchange, made
headlines by introducing a 0.15% swap fee on specific tokens. While
generating buzz and curiosity, this decision has raised several
questions regarding its impact on traders. Decentralized exchanges
(DEX) facilitate peer-to-peer trading without intermediaries. The
absence of centralized entities has advantages but also presents
challenges, especially regarding fee structures. Uniswap’s latest
update to alter its fee structure is a significant shift with
potential implications for its large user base. Related Reading:
Uniswap V4 Expected To Be Huge, But Is This Requirement A
Dealbreaker? Uniswap Fee Structure: Analyzing The Financial Impact
According to data shared by Colin Wu, a blockchain-focused
reporter, the daily fees from this change on Uniswap V3 could range
between $388,000 and $444,000. Providing deeper insight into the
platform’s operations, Wu mentions that approximately 35% to 40% of
the entire transaction volume on Uniswap occurs on the front end.
These figures, while substantial, are just the tip of the iceberg.
Specific tokens targeted for this new fee include popular tokens
such as ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC,
and XSGD. However, according to the Chinese reporter, this fee will
only apply when these tokens are traded through Uniswap Labs
interfaces on the mainnet and its supported Layer 2 networks.
Currently, about 35%-40% of the transaction volume in Uniswap is
completed through front end, H/T @1kbeetlejuice. Ethereum Uniswap
V3 in the past 24h is $810m, excluding major stablecoin pairs,
which is $740m, the daily fees charged by V3 may be $388k-444k.…
https://t.co/EAeV6xwQHX — Wu Blockchain (@WuBlockchain) October 17,
2023 Understanding The Broader Context While the announcement
sparked curiosity, it also led to some confusion concerning the
fees. Uniswap’s help center, in response, clarified that these
newly implemented fees stand apart from the Uniswap Protocol fee
switch, which is determined through votes by Uniswap’s governance
mechanism. Despite the explanation by the DEX’s team, the genesis
of this new fee introduction remains ambiguous to many within the
community. In response to Wu’s initial post, several individuals
opposed the update, with a particular user questioning the
rationale behind the 0.15% fee, the considerations leading to this
specific percentage, and the selection of particular tokens for the
fee imposition. According to data from Coinmarketcap, Uniswap has
reported a significant trading volume of $518.3 million in the past
24 hours, capturing 18.3% of the market share within the
decentralized exchange sector. Related Reading: Uniswap Soaring
User Engagement: How It’s Transforming UNI Price? Meanwhile,
Uniswap native token UNI has witnessed a substantial decline.
The asset has dipped by more than 10% over the past two weeks and
showed a continuous drop of 5.5% in the last 24 hours. Currently,
UNI is trading for $3.8. Featured image from Bitcoin-Bude, Chart
from TradingView
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