Crypto Analysis Firm Reports Uniswap’s Trade Fee At 140 $ETH
- IncomeSharks tweeted that the fee for each trade on Uniswap was $140 in $ETH.
- Maverick Protocol launched a DEX with its own AMM engine for beneficial revenue.
- Maverick’s dynamic AMM allows users to maximize their profits through a customizable liquidity distribution tool.
Crypto market analysis firm IncomeSharks tweeted on March 11 that the fee for each trade on Uniswap was $140 in $ETH at the time of posting.
$ETH gas fee $140 right now for a trade on Uniswap
— IncomeSharks (@IncomeSharks) March 11, 2023
IncomeSharks also shared that $WETH was back to $1655, measured against $USDC. The image attached in the tweet showed that $WETH had gone up by 18.5% in value, over the span of 24 hours. Additionally, the price increased from $1657.27 to $1623.27.
Uniswap (UNI) recently launched an advanced mobile wallet, claiming it to be a fully self-custodial, open-source app accessible via Apple (NASDAQ:) Testflight. This wallet is designed to be simple and versatile, with the aim to make the cryptocurrency ecosystem more accessible to non-native users. This move might encourage other top players in the field to do the same.
However, Uniswap is facing stiff competition from Maverick Protocol, which recently launched its own decentralized exchange on . This exchange is powered by a Smart-contract-based, automated market-making (AMM) engine.
This platform enables investors to earn more revenue than on UniSwap, a top DEX. Maverick has also introduced a dynamic AMM, allowing users to maximize their profits through a customizable liquidity distribution tool.
Maverick’s CTO Bob Baxley said,
By giving LPs the option to choose if and how their liquidity moves with price in a given pool – something that no other AMM does natively – Maverick enables markets to run more efficiently, resulting in more consistent fee generation.
The post Crypto Analysis Firm Reports Uniswap’s Trade Fee At 140 $ETH appeared first on Coin Edition.
See original on CoinEdition