- Uniswap has generated more than $1 billion in fees for its liquidity providers.
- Uniswap’s combined fee revenues from its Ethereum mainnet deployments v2 and v3 have topped $1 billion.
Since the launch of Uniswap in November 2018, the leading decentralized exchange has generated more than $1 billion in fees for its liquidity providers.
On Tuesday, Lucas Outumuro, Head of Research at crypto data aggregator IntoTheBlock, tweeted an analysis showing that Uniswap’s combined fee revenues from its Ethereum mainnet deployments v2 and v3 have topped $1 billion.
Since the November 2018 creation of the Uniswap protocol, roughly $1.02 billion has been distributed to Uniswap liquidity providers. Thanks to the protocol’s first and third deployments on Optimism.
By contrast, IntoTheBlock data shows that Bitcoin’s network has generated $2.24 billion in fees since 2009, while the DeFi-driven surge in Ethereum activity has increased the network’s revenue to $4.74 billion in six years.