Uniswap has generated more than double the fees compared to other decentralized exchanges (DEXs) in the past 30 days, according to the latest data from Token Terminal.
With nearly $100 million in fees last month, Uniswap DAO ranks highest among the top 20 DEXes. According to on-chain data, Uniswap DAO registered more during this period than the next four decentralized exchanges combined.
Uniswap beats DEX with 30-day fees.
As of June 18, Uniswap DAO accounted for more creation fees than PancakeSwap, Aerodrome, Uniswap Labs, and GMX combined. PancakeSwap and Aerodrome are both expected to top $20 million in June, while the next two are well below that.
For Uniswap, Token Terminal includes Uniswap Labs as a separate entity. Primarily, this depends on Uniswap Labs generating revenue through fees charged to Uniswap users. Fees apply for accessing the DEX protocol through Uniswap Labs’ official frontend application.
Last April, Uniswap Labs increased the fees charged to users accessing the DEX through the UI from $0.15 to $0.25. The move came after the company received a Wells notice from the U.S. Securities and Exchange Commission (SEC).
Ethereum surpasses blockchain in terms of fees.
Token Terminal’s latest data shows the top blockchain and dApp platforms based on fees generated in the last 30 days, with Ethereum, Tron, and Bitcoin.
Most of the highest fee generating applications are on Ethereum (both L1 and L2). Currently, Ethereum surpasses the rest with almost $180 million, with Tron in second place with $130 million and Bitcoin in third place with about $105 million.
“Over the past 30 days, Ethereum has generated the most fees (~$180 million). It is worth highlighting that Base still ranks in the top 20 despite its relatively low average transaction fee of $0.03 (compared to $4.5 for Ethereum L1) due to the surge in user activity on L2,” Token Terminal wrote on X. . .
In particular, Aerodrome, a base-native DEX platform, generates approximately twice the fees of native layer 2 blockchains.