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Ethereum
ETH$3 338.95

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Tether
USDT$1.000847

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Uniswap’s daily fee generation tops Bitcoin’s by $1.7 million


29 Mar 2021

#UniSwap

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.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 66.4% 70 $61 285.60 7.63% 19.00% $1 203 670 607 100 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 66% 76 $3 338.95 2.80% 13.80% $401 178 537 437 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000847 0.04% 0.08% $98 474 236 270 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.2% 66 $411.70 3.92% 9.81% $61 566 465 512 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 76.8% 42 $115.79 6.61% 10.92% $51 249 437 073 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82.8% 29 $0.572503 -2.64% 4.69% $31 255 388 750 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $0.999889 0% 0% $28 645 014 753 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 67.2% 63 $0.628697 0.43% 5.82% $22 304 712 874 ADA 7 days price change
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11 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 68.4% 61 $0.142057 -0.45% 2.21% $12 498 985 751 WTRX 7 days price change
12 TRON (TRX) TRX TRON predictions 72% 60 $0.142025 -0.64% 1.85% $12 496 109 183 TRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 74.8% 41 $19.18 0.15% 3.96% $11 258 564 813 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 72.4% 49 $8.32 -0.39% 12.31% $10 688 826 213 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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