CDS Crypto News Uniswap Labs Raises Interface Trade Fee from 0.15% to 0.25%
Crypto News

Uniswap Labs Raises Interface Trade Fee from 0.15% to 0.25%

Uniswap Labs has increased the fee for token swaps conducted through its interface by 0.1% across the board, with exceptions for specific stablecoin and wrapping transactions, applicable to both its mainnet and supported Layer 2 networks.

58
Uniswap Labs Raises Interface Trade Fee from 0.15% to 0.25%

Crypto NewsUniswap Labs has recently implemented a significant increase in the fee structure for users engaging in trades via its interface on the Uniswap protocol, raising the fee from 0.15% to 0.25% for most transactions. This adjustment, observed through blockchain data, took effect on April 10th, a short time after Uniswap’s founder, Hayden Adams, disclosed that the Securities and Exchange Commission (SEC) had issued a Wells Notice, indicating potential legal action against the company.

Uniswap Labs Raises Interface Trade Fee from 0.15% to 0.25%

Notably, certain types of swaps are exempt from this fee alteration. Transactions involving stablecoins sharing the same underlying currency and swaps between ETH and WETH are among those excluded from the fee increase. Additionally, users have the option to bypass the fee altogether by utilizing alternative interfaces to access the Uniswap protocol instead of the one developed by Uniswap Labs. However, for all other trades conducted on the mainnet and supported Layer 2 networks, the revised fee structure, as determined by Uniswap Labs, applies.

[Uniswap Labs is] like a software development shop. We’ve done some of the core development of the protocol, In addition, you know, we also have built a an interface to the protocol that we run. But many, many other people have done the same.

Hayden Adams
Uniswap Labs Raises Interface Trade Fee from 0.15% to 0.25%

Leave a comment

Leave a Reply

Related Articles

Breaking Crypto News – What are the Advantages of Using EVM RPC for ICP Smart Contracts?

Breaking Crypto News - What are the Advantages of Using EVM RPC...

Crypto News Today- Approach ETH pullbacks with careful consideration

Bitcoin's price fell 15% post spot Bitcoin ETFs, but traders doubt Ether...

Crypto News Today- Nvidia X Bitcoin: Nvidia unlikely to replicate its success against Bitcoin in the next decade

In the last decade, Nvidia, a technology company, surpassed Bitcoin in performance....

Pepe Crypto News – Bitcoin Roller Coaster: From Below $66,500 to Over $69,000

Pepe Crypto News - Bitcoin Roller Coaster: From Below $66,500 to Over...