Uniswap Imposes New Fee on Users Sparking Frustration in the Crypto Community

Search

Advertisement

ETH
Uniswap Imposes New Fee on Users Sparking Frustration in the Crypto Community

October 18, 2023

By
Jonny Huang

ETH
The imposition of a new trading fee, diverted to the centralized entity behind Uniswap, has been met with mixed emotions, including harsh criticism from industry pundits.

As announced in a post by Uniswap creator, Hayden Adams, the leading DEX in the industry has begun to impose a 0.15% fee. For now, only transactions made through Uniswap’s official frontend, and that involve certain digital assets such as USDC and ETH, will have the fee imposed upon them.

Whilst the decision to tax only Uniswap frontend users is ostensibly made to ensure Uniswap’s volume does not decrease across other DeFi aggregator services, the result could be that only Uniswap’s most loyal traders are hit with the additional cost.

The major difference between this new 0.15% and others is that this fee is enforced by the centralized entity behind Uniswap - Uniswap Labs - in order to “continue to research, develop, build, ship, improve, and expand crypto and DeFi”.