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DeFi summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms

Coin Telegraph LogoCoin Telegraph1 mo ago

DeFi summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms

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Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for UNI.

Considering Ethereum is the blockchain home to the majority of DeFi, and is known for its expensive fee structure, a DEX such as Uniswap beating out the blockchain in fees over a week is notable.

Uniswap’s most advanced V3 protocol (based on the Ethereum mainnet) accounted for the lion's share of the total fees with $4.4 million, while the V2 variant also contributed a notable $336,556.


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Article Details

Author / Journalist: Cointelegraph By Brian Quarmby

Category: Crypto

Topics: DeFi UNI Crypto fees Uniswap Synthetix AAVE Fees Network fees Compound

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 04:52:56

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 4 minutes read

Article Length: 654 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5263

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 25 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #11

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