{"id":259049,"date":"2021-05-26T05:37:54","date_gmt":"2021-05-26T02:37:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uniswap-v3-flips-v2-on-volume-and-both-versions-flip-bitcoin-on-fee-revenue\/"},"modified":"2021-05-26T05:37:54","modified_gmt":"2021-05-26T02:37:54","slug":"uniswap-v3-flips-v2-on-volume-and-both-versions-flip-bitcoin-on-fee-revenue","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uniswap-v3-flips-v2-on-volume-and-both-versions-flip-bitcoin-on-fee-revenue\/","title":{"rendered":"# Uniswap v3 flips v2 on volume \u2014 and both versions flip Bitcoin on fee revenue"},"content":{"rendered":"<p>&#8220;<strong># Uniswap v3 flips v2 on volume \u2014 and both versions flip Bitcoin on fee revenue <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvYTVhNDZlNjYtMTFkNC00MjI5LWEwMDktMmFkMmVhODlkZTNkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The world\u2019s largest decentralized exchange keeps growing and the newly-launched third iteration has now surpassed version two in terms of daily volumes.<\/p>\n<p>In addition to v3 topping the daily transaction volumes of v2, both have individually surpassed Bitcoin in terms of daily fee generation. The move was observed by Uniswap founder Hayden Adams who commented that both are earning more daily and weekly fees than Bitcoin miners.<\/p>\n<p>Data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptofees.info\/\">Cryptofees<\/a> showed that Uniswap v3, which was launched on May 5, generated $4.5 million with v2 generating $3.8 million in fees for the day. Bitcoin was behind both of them at the time with $3.7 million in daily fee generation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> Great to see <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Uniswap?ref_src=twsrc%5Etfw\">@Uniswap<\/a> v3 added <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/lUNKPjwNZB\">https:\/\/t.co\/lUNKPjwNZB<\/a><\/p>\n<p>v3 and v2 LPs are now both earning more daily and weekly fees than Bitcoin miners <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/OLaJMUltXW\">https:\/\/t.co\/OLaJMUltXW<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/sVBrtEdl9C\">pic.twitter.com\/sVBrtEdl9C<\/a><\/p>\n<p>\u2014 Hayden Adams  (@haydenzadams) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/haydenzadams\/status\/1397275193085775872?ref_src=twsrc%5Etfw\">May 25, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>At the time of writing, the website was reporting that Uniswap v3 generated $4.1 million in the current 24 hour period whereas v2 is in second place with $3.2 million. SushiSwap is the next largest DEX after Uniswap with $2.135 million. Bitcoin and Ethereum estimates were not available for the past 24 hours but the previous day&#8217;s fees on Bitcoin hit $2.821 million, while Ethereum raked in $28.71 million.<\/p>\n<p>Critics often blame high Ethereum gas fees on Uniswap for being responsible, but the revenue figures are actually sw<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>ing fees paid to liquidity providers rather than gas fees.<\/p>\n<p>In terms of daily transaction volumes, v3 has now surpassed v2 with $1.48 billion over the past 24 hours according to Uniswap\u2019s<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/info.uniswap.org\/#\/\"> analytics page<\/a>. Version 2 had a reported daily volume of $1.1 billion. For total value locked, v2 still dominates with $5.8 billion compared to $1.46 billion on v3.<\/p>\n<p>On May 20, Cointelegraph reported Messari&#8217;s prediction that v3 would surpass v2 by volume this month.<\/p>\n<p>Uniswap\u2019s success has been so prominent that finance industry bible <em>The<\/em> <em>Wall Street Journal<\/em> has picked up on it, suggesting the DEX and others like it posed a growing threat to Coinbase. A<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/upstart-peer-to-peer-crypto-exchanges-take-aim-at-coinbase-11621848601\"> report<\/a> on May 24 stated that Uniswap had a volume of $36.6 billion in April, compared with $110 billion at Coinbase.<\/p>\n<p>It added that Coinbase listed competition from decentralized exchanges as a potential business risk before going public last month.<\/p>\n<p>It may not end up as an &#8216;either\/or&#8217; situation but end up with &#8216;both&#8217; benefiting. Adams predicted that centralized exchanges would eventually tap into Uniswap\u2019s liquidity pools, \u201cessentially becoming front-end interfaces with slick apps and websites that rely on Uniswap behind the scenes to power trading.\u201d<\/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-v3-flips-v2-on-volume-and-both-versions-flip-bitcoin-on-fee-revenue\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Uniswap v3 flips v2 on volume \u2014 and both versions flip Bitcoin on fee revenue &#8221; The world\u2019s largest decentralized exchange keeps growing and the newly-launched third iteration has now surpassed version two in terms of daily volumes. In addition to v3 topping the daily transaction volumes of v2, both have individually surpassed Bitcoin&#8230;<\/p>\n","protected":false},"author":1,"featured_media":259050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvYTVhNDZlNjYtMTFkNC00MjI5LWEwMDktMmFkMmVhODlkZTNkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,88700,4965],"class_list":["post-259049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-uniswap","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/259049","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=259049"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/259049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/259050"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=259049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=259049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=259049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}