We sent a note to clients last night about Uniswap’s fee switch proposal. We can’t share the whole note but this thread has some of the key insights 👇
Shoutout to our researcher Lucas Tcheyan @Uptodatenow for the excellent work. If you want to know the signal on Solana, AI, DeFi, and more, follow Lucas.
Uniswap monthly fees across all chains and deployments
Uniswap fees by chain. Ethereum L1 still leads but has been eroded by Uniswap deployments on other infrastructure over the last few years.
The real question: once Uniswap has a revenue mechanism, how will it stack up against competitors fundamentally?
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