Uniswap Increases Trading Fee Amid Regulatory Uncertainty
Uniswap Labs has increased the fee it levies on users utilizing its interface for trading on the Uniswap protocol, raising it from 0.15% to 0.25% for most transactions.
This adjustment in pricing, as per blockchain records, occurred on April 10, shortly after Uniswap founder Hayden Adams disclosed that the SEC had issued a Wells Notice, signaling a potential lawsuit against the company.
Certain types of transactions remain exempt from this fee adjustment, notably swaps involving stablecoins pegged to the same underlying currency and conversions between ETH and WETH.
Users also have the option to bypass this fee by utilizing alternative interfaces to access Uniswap, rather than the one provided by Uniswap Labs.
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However, all other trades on the mainnet and supported Layer 2 networks will now be subject to the increased fee, determined by Uniswap Labs.
Adams, speaking in an interview with Bankless, likened Uniswap Labs to a software development firm, highlighting their role in core protocol development.
He emphasized that while they’ve developed an interface for the protocol, numerous others have done the same.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
