The protocol’s decision to introduce swap fees culminated in a surge in revenue.
The TVL also increased, indicating rising participants’ trust in Uniswap.
Front-end fees generated by the Uniswap [UNI] protocol have hit $1 million, according to data acquired from Dune Analytics. In October, there was some controversy about Uniswap’s introduction of front-end fees.
As previously reported by AMBCrypto, the Decentralized Exchange (DEX) noted that Uniswap would take an exchange fee of $0.15%. This fee is a swap charge for transactions between certain tokens.
While the development did not exactly go down well with its community, the $1 million landmark means that users are already adapting to the change.
Solves the initial rebuttal
The fees generated mean the front-end section contributed to 17.4% of the total fees that Uniswap generated in the last 24 days. AMBCrypto’s investigation determined that Uniswap’s decision not to bow to pressure to reverse the decision was born out of
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