Uniswap’s daily fee generation tops Bitcoin’s by $1.7 million
Uniswap is currently the second-ranked crypto platform by daily fee generation after Ethereum. The world’s top decentralized exchange, Uniswap, is currently beating out Bitcoin’s 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 hours. This has propelled the automated market maker into second place above Bitcoin — which has generated just $3.1 million.
The top network by daily fees is Ethereum with $16.5 million — which beats out the other 30 other networks tracked by CryptoFees combined. It appears Uniswap’s dominance over Bitcoin may be short-lived, with Bitcoin beating out Uniswap for daily fees averaged over the past seven days by nearly 20% — with BTC pushing $4.15 million compared to Uniswap’s $3.5 million.
Uniswap’s high fees are a product of Ethereum’s 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.
ETH Gas Station 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. 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’s market dominance.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 62.4% | 82 | $29 061.38 | -3.12% | 8.51% | $553 437 248 437 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 60.4% | 82 | $1 945.79 | -4.82% | 7.60% | $235 121 509 369 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $0.998827 | -0.02% | 1.30% | $74 126 138 317 |  |
|
| 4 |  USDC |
USD Coin predictions | 92% | 1 | $1.000289 | 0.01% | -0.07% | $52 357 980 078 |  |
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| 5 |  BNB |
Binance Coin predictions | 60.4% | 84 | $295.81 | -1.43% | 29.99% | $48 299 672 655 |  |
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| 6 |  XRP |
XRP predictions | 67.2% | 71 | $0.402156 | -6.01% | 13.86% | $19 441 465 904 |  |
|
| 7 |  BUSD |
Binance USD predictions | 92% | 1 | $1.001637 | 0.15% | -0.51% | $18 442 645 566 |  |
|
| 8 |  ADA |
Cardano predictions | 65.2% | 79 | $0.507175 | -10.38% | 24.64% | $17 118 441 820 |  |
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| 9 |  SOL |
Solana predictions | 63.2% | 84 | $50.46 | -9.61% | 21.41% | $17 028 947 492 |  |
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| 10 |  DOGE |
Dogecoin predictions | 62% | 87 | $0.084029 | -5.92% | 15.94% | $11 148 185 698 |  |
|
| 11 |  DOT |
Polkadot predictions | 60.4% | 78 | $9.56 | -9.71% | 24.98% | $9 442 068 849 |  |
|
| 12 |  WBTC |
Wrapped Bitcoin predictions | 63.6% | 82 | $29 050.66 | -2.98% | 8.69% | $8 132 816 754 |  |
|
| 13 |  AVAX |
Avalanche predictions | 61.6% | 82 | $28.87 | -14.48% | 10.65% | $7 769 271 253 |  |
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| 14 |  TRX |
TRON predictions | 70.8% | 55 | $0.071382 | -0.71% | -2.34% | $6 964 115 705 |  |
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| 15 |  DAI |
Dai predictions | 93.6% | 1 | $1.000090 | 0% | 0.05% | $6 501 036 897 |  |
