Uniswap dominates the DEX field: monthly transaction fees are nearly 100 million US dollars, and Ethereum network fees rank first

According to the latest data from Token Terminal, Uniswap has generated nearly $100 million in fees in the past 30 days, more than twice that of other decentralized exchanges (DEX), and significantly ahead of other competitors in the industry.

Data shows that among the top 20 DEXs, Uniswap DAO performs particularly well, and its registration volume even exceeds the sum of the following four decentralized exchanges.

Uniswap leads other DEXs with fees within 30 days

As of June 18, 2024, the fees generated by Uniswap DAO in the past 30 days are significantly ahead of other decentralized exchanges (DEX), and its combined revenue even exceeds the combined revenue of PancakeSwap, Aerodrome, Uniswap Labs, and GMX. Although PancakeSwap and Aerodrome are each expected to earn more than $20 million in revenue in June, there is still a large gap compared to Uniswap DAO.

Token Terminal data shows that Uniswap Labs are included in statistics as an independent entity. This is because Uniswap Labs charges Uniswap users for using the DEX protocol through its official front-end application as one of its ways to make money. In April this year, after receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC), Uniswap Labs decided to increase its user interface (UI) fee for accessing DEX from $0.15 to $0.25.

This fee adjustment reflects Uniswap Labs’ strategic adjustments in compliance and profit models, while also highlighting its leading position in the field of decentralized exchanges and continued investment in user experience. As Uniswap continues to consolidate its market position, its leadership role in the DEX field and contribution to the entire ecosystem is expected to be further enhanced.

Ethereum ranks first among blockchains in terms of fees

A new report from Token Terminal reveals that Ethereum has maintained its lead in blockchain network fee revenue over the past 30 days. Data shows that Ethereum has generated nearly $180 million in fee revenue regardless of its first-layer (L1) or second-layer (L2) scaling solutions, firmly ranking first. Tron follows with over $130 million in revenue, while Bitcoin is in third place with approximately $105 million in revenue.

The report specifically mentions that despite Base's relatively low average transaction fees of around $0.03, which is much lower than the $4.5 on Ethereum L1, Base has still managed to make inroads in revenue due to a surge in user activity on its L2 solution. Ranked among the top 20.

Additionally, it is worth noting that Base’s native decentralized exchange (DEX) platform Aerodrome generates approximately twice as many fees as its underlying Layer-2 blockchain, demonstrating the platform’s strong traction and activity among users. Spend.

Conclusion

Uniswap’s outstanding performance not only proves its competitiveness in the field of decentralized exchanges, but also reflects users’ trust and reliance on its platform. As the entire industry develops and the regulatory environment gradually becomes clearer, Uniswap is expected to continue to maintain its leading position in the DEX field and promote innovation and growth in the entire decentralized financial ecosystem.

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