Uniswap has now generated more than $1B in fees for liquidity providers
More than $1 billion in fees has been generated for Uniswap’s liquidity providers since its November 2018 launch. Leading decentralized exchange Uniswap has become the first decentralized finance (DeFi) protocol to generate more than $1 billion worth of platform fees for liquidity providers. On Tuesday, Lucas Outumuro, head of research at crypto data aggregator IntoTheBlock, shared a chart on Twitter showing that the combined fee revenues of Uniswap’s v2 and v3 Ethereum mainnet deployments have surpassed $1 billion.
Including the fees generated by both Uniswap v1 and its v3 deployment on Optimism, Outumuro noted that roughly $1.02 billion has been distributed to Uniswap liquidity providers since the protocol’s creation in November 2018. By contrast, IntoTheBlock’s data shows that the Bitcoin network has generated $2.24 billion in fees since its 2009 launch, while the DeFi-driven surge in activity on Ethereum has raised its total fee revenue to $4.74 billion in six years.
However, surging Ethereum-powered game Axie Infinity has emerged as the leading decentralized application (DApp) by fee revenue in recent weeks. According to Token Terminal, Axie has driven $308.5 million in platform fees over the past 30 days, equating to a daily average of nearly $10.3 million.
According to data from Dune Analytics, popular nonfungible token (NFT) marketplace OpenSea also appears to have overtaken Uniswap by fee revenue recently, with the platform generating $4.2 million in fees daily. According to CryptoFees, Uniswap represents $3.9 million in daily platform fees.
With Ethereum’s recent London upgrades introducing a burn mechanism into the network’s fee market on Aug. 5, the surging popularity of Ethereum-based DApps has resulted in $100 million worth of Ether (ETH) being burned and more than 1,000 deflationary blocks being mined over the past week.
According to Ultrasound.Money, OpenSea currently ranks as the leading Ethereum DApp by burn rate after destroying 3,918 Ether (worth $12.5 million) since London went live. Uniswap v2 ranks second with 2,344 Ether ($7.5 million), followed by Axie Infinity with 1,805 Ether (nearly $5.8 million), and Tether (USDT) with 1,555 Ether ($5 million).
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 61.2% | 79 | $28 532.89 | -0.14% | 3.93% | $551 670 149 541 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 68.8% | 61 | $1 824.10 | -0.20% | 4.92% | $219 727 600 320 |  |
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| 3 |  USDT |
Tether predictions | 92.8% | 1 | $1.000316 | 0.02% | -0.05% | $79 719 012 525 |  |
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| 4 |  BNB |
Binance Coin predictions | 74.4% | 55 | $315.64 | -0.57% | -2.11% | $49 835 690 238 |  |
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| 5 |  USDC |
USD Coin predictions | 92.8% | 2 | $0.999876 | 0% | 0.01% | $32 523 408 102 |  |
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| 6 |  XRP |
XRP predictions | 61.2% | 82 | $0.511375 | -5.49% | 14.38% | $26 426 923 668 |  |
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| 7 |  HEX |
HEX predictions | 64.8% | 68 | $0.079733 | -11.69% | -4.21% | $13 826 597 050 |  |
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| 8 |  ADA |
Cardano predictions | 76.8% | 41 | $0.395366 | -1.54% | 12.31% | $13 736 058 748 |  |
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| 9 |  DOGE |
Dogecoin predictions | 82% | 23 | $0.082097 | 6.31% | 11.45% | $11 392 170 316 |  |
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| 10 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 11 |  MATIC |
Polygon predictions | 84.8% | 26 | $1.12 | -0.51% | 3.83% | $10 126 762 079 |  |
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| 12 |  SOL |
Solana predictions | 79.2% | 36 | $21.17 | -1.11% | 3.92% | $8 163 446 069 |  |
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| 13 |  BUSD |
Binance USD predictions | 93.2% | 1 | $0.999556 | -0.03% | -0.01% | $7 553 833 722 |  |
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| 14 |  DOT |
Polkadot predictions | 83.6% | 28 | $6.34 | 0.07% | 7.60% | $7 432 742 823 |  |
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| 15 |  LTC |
Litecoin predictions | 71.6% | 50 | $92.91 | 3.13% | 1.69% | $6 746 413 734 |  |
