More than $1 billion in fees have been generated for Uniswap’s liquidity providers since its inauguration in 2018.
Uniswap, has become the first DeFi protocol to generate more than $1 billion worth of platform fees for liquidity providers.
On August 10, Lucas Outumuro, head of research at crypto data aggregator IntoTheBlock, shared a tweet showing that the combined fee revenues of Uniswap have surpassed $1 billion.
According to a Tweet by Lucas Outumuro, he reveals that Uniswap has become the first protocol to surpass $1B+ in fees.
@Uniswap just became the first protocol to surpass $1B+ in fees 🤯
Congrats to @haydenzadams and team 🦄 pic.twitter.com/pnA10t41Yo
— Lucas Outumuro (@LucasOutumuro) August 10, 2021
However, the surging Ethereum-powered game, Axie Infinity, has emerged as the leading DApp by fee revenue in recent weeks. According to Token Terminal, Axie has driven $308.5 million in platform fees over the past one month, equating to a daily average of nearly $10 million.
According to data from Dune Analytics, popular NFT marketplace OpenSea also appears to have overtaken Uniswap by fee revenue recently, with the platform generating $4.2 million in fees daily. According to CryptoFees, Uniswap represents $3.9 million in daily platform fees.
Uniswap v2 ranks second with 2,344 Ether ($7.5 million), followed by Axie Infinity with 1,805 Ether (nearly $5.8 million), and Tether with 1,555 Ether ($5 million).
By @rwigglesworth
