2023-10-20
Uniswap decentralized exchange began
charging a 0.15% fee on Uniswap website and wallet since October 17, 2023. According to Hayden Adams Uniswap’s
founder, only swaps that execute through Uniswap Labs will be charged with a 0.15%
fee.
0.15% swapping fee will be charge on
some cryptocurrencies including ETH,
USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC or XSGD.
Hayden Adam said he will used income generate
from swapping fees to continue development of Uniswap.
“This interface fee is one of the lowest in the
industry, and it will allow us to continue to research, develop, build, ship,
improve, and expand crypto and DeFi. This year alone (so far!) we released an
iOS wallet, Android wallet, UniswapX, major improvements to our web app,
Permit2, Uniswap v4 draft codebase, and more!”
On October 20, 2023 UNI token price
hits new low. UNI token price decreases from $4.1397 on October 17 to $3.95 on
October 20, 2020.
UNI Allocation
1 billion UNI tokens
were minted at the genesis and they were accessible over the course of 4 years.
The initial four-year allocation is as follows:
60.00% to Uniswap
community members 600,000,000 UNI
21.266% to team
members and future employees with 4-year vesting 212,660,000 UNI
18.044% to investors
with 4-year vesting 180,440,000 UNI
0.69% to advisors with 4-year vesting
6,900,000 UNI
Uniswap community thinks Uniswap
ignores token holders because new 0.15% fee is unilateral action imposed by
Uniswap. UNI tokens are meant to be governance tokens.
Uniswap is the most popular
decentralized exchange with $3.021 billion in TVL. UNI token ranks 27th
largest crypto by market cap. Its market cap is $3.960 billion and it has fully
diluted market cap of $3.961 billion. Uniswap has max supply of 1 billion UNI
tokens.
