Uniswap has generated more than $1 billion in commissions U | NFT Token

Uniswap has generated more than $1 billion in commissions

Uniswap became the first DeFi protocol to generate more than $1 billion in platform commissions for liquidity providers since launching in November 2018.

Lucas Outumuro, head of research at data aggregator IntoTheBlock, shared a chart showing that Uniswap's combined commission revenues for Ethereum v2 and v3 deployments exceeded $1 billion.

Outumuro notes that including commissions generated by Uniswap v1 and v3 deployments on Optimism, about $1.02 billion has been distributed to liquidity providers since the protocol was created.

IntoTheBlock data shows that the Bitcoin network has received $2.24 billion in commissions since it launched in 2009, while the DeFi-driven surge in Ethereum has boosted its total commission revenue to $4.74 billion over six years.