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Home»ADOPTION NEWS»Uniswap Labs is increasing swap fees for transactions through its interface from .15% to .25%.
ADOPTION NEWS

Uniswap Labs is increasing swap fees for transactions through its interface from .15% to .25%.

By Crypto FlexsApril 14, 20242 Mins Read
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Uniswap Labs is increasing swap fees for transactions through its interface from .15% to .25%.
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Posted 1 minute ago In ~

Uniswap UNI

-14.30%
Labs increased the fees it charges users who trade on the Uniswap protocol using its interface from .15% to .25% for most swaps.

Blockchain data showed that the policy change came hours after Uniswap founder Hayden Adams said the SEC had sent Wells a warning that lawsuits were coming.

Certain swaps are completely excluded from fees, including stablecoins based on the same base currency and wraps between ETH and WETH. Users may also avoid fees by using an alternative interface to access Uniswap other than the interface developed by Uniswap Labs. All other transactions on the mainnet and supported layer 2 networks will be subject to increased fees as determined by Uniswap Labs.

“(Uniswap Labs) is like a software development shop. We’ve done some of the core development of the protocol,” Adams said in an interview with Bankless Today. “Plus, we built interfaces to the protocols we run. But many other people have done the same.”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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