Decentralized cryptocurrency exchange Uniswap will begin implementing a 0.15% fee for trading cryptocurrencies on its web app and wallet from October 17.
The affected tokens include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC and XSGD, Uniswap said on Monday at its website.
“This is separate from the move to the Uniswap Protocol fees, which will be voted on by UNI’s token board,” said Uniswap founder Hayden Adams. wrote on X.
The new fee follows liquidity pool fees of 0.3% and a protocol fee that is expected to increase from 0% following a board vote. The Block Research estimates that, at Uniswap’s current volumes, the new token fee will generate approximately $1 million per day. The aforementioned specific pairs bring in approximately $580 million in daily trading volume, which will result in approximately $870,000 in swap fees, according to Flipside data.
Uniswap interface fees
“Users have numerous ways to use it, through aggregators, other user interfaces, or by interacting directly with the smart contracts,” Adams wrote. “Our interface remains the best – a huge amount of love (and money) goes into making that happen.”
“These interface fees are among the lowest in the industry, and it will allow us to continue to research, develop, build, ship, improve and expand crypto and DeFi,” he continued.
(Updates figures to reflect estimated daily swap income.)