{"id":213543,"date":"2021-03-29T08:45:38","date_gmt":"2021-03-29T05:45:38","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uniswaps-daily-fee-generation-tops-bitcoins-by-1-7-million\/"},"modified":"2021-03-29T08:45:38","modified_gmt":"2021-03-29T05:45:38","slug":"uniswaps-daily-fee-generation-tops-bitcoins-by-1-7-million","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uniswaps-daily-fee-generation-tops-bitcoins-by-1-7-million\/","title":{"rendered":"# Uniswap\u2019s daily fee generation tops Bitcoin\u2019s by $1.7 million"},"content":{"rendered":"<p>&#8220;<strong># Uniswap\u2019s daily fee generation tops Bitcoin\u2019s by $1.7 million <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>The world\u2019s top decentralized exchange, Uniswap, is currently beating out Bitcoin\u2019s daily fee generation by more than 50%.<\/p>\n<p>According to the data tracking website, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptofees.info\/\">CryptoFees<\/a>, the leading Ethereum-powered decentralized exchange Uniswap has generated more than $4.8 million worth of fees over the past 24 hours. This has propelled the automated market maker into second place above Bitcoin \u2014 which has generated just $3.1 million.<\/p>\n<p>The top network by daily fees is Ethereum with $16.5 million \u2014 which beats out the other 30 other networks tracked by CryptoFees combined.<\/p>\n<p>It <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears Uniswap\u2019s dominance over Bitcoin may be short-lived, with Bitcoin beating out Uniswap for daily fees averaged over the past seven days by nearly 20%\u00a0\u2014 with BTC pushing $4.15 million compared to Uniswap\u2019s $3.5 million.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/8c5daaab-ac6a-42a0-948c-1d8d86fcb040.jpg\"><figcaption style=\"text-align: center;\"><em>Image &#8211; <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptofees.info\/\"><em>cryptofees.info<\/em><\/a><\/figcaption><\/figure>\n<p>Uniswap\u2019s high fees are a product of Ethereum\u2019s exorbitant gas prices, with mainnet transaction fees currently sitting at $13.60 on average, according to BitInfoCharts. According to Etherscan, token swaps on Uniswap currently cost $33.68 on average.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ethgasstation.info\/\">ETH Gas Station<\/a> reports that Uniswap is the largest gas guzzler in the industry, generating a whopping $2 million in Ethereum fees over the past 30 days. The Tether stablecoin takes second place for gas usage with $1.65 million generated over the same period.<\/p>\n<p>These high fees have made Ethereum-powered DeFi inaccessible to many newcomers, driving some users to cheaper alternatives such as the Binance Smart Chain-powered PancakeSwap DEX. As reported by Cointelegraph, PancakeSwap is eating into Uniswap\u2019s market dominance.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/uniswap-s-daily-fee-generation-tops-bitcoin-by-1-7-million\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Uniswap\u2019s daily fee generation tops Bitcoin\u2019s by $1.7 million &#8221; The world\u2019s top decentralized exchange, Uniswap, is currently beating out Bitcoin\u2019s daily fee generation by more than 50%. According to the data tracking website, CryptoFees, the leading Ethereum-powered decentralized exchange Uniswap has generated more than $4.8 million worth of fees over the past 24&#8230;<\/p>\n","protected":false},"author":1,"featured_media":213544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvYTg1MWI5NWItOWJjOC00MGNkLThjZmQtOGQzMmE1ZTEwNTVjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75916,74891,88700],"class_list":["post-213543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-dex","tag-ethereum","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/213543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=213543"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/213543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/213544"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=213543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=213543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=213543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}