2024-04-14
Uniswap Labs has recently increased the fee it charges users for utilizing its interface to trade on the Uniswap Protocol.
The fee has been raised from 0.15% to 0.25% for most swaps.
This adjustment in policy occurred on April 10, as indicated by blockchain data.
Interestingly, this change came shortly after Uniswap founder Hayden Adams disclosed that the SEC had issued a Wells Notice, notifying the company of a potential lawsuit.
However, there are certain exceptions to this fee hike. Swaps involving stablecoins based on the same underlying currency and swaps between ETH and WETH are exempted from the fee.
Additionally, users have the option to avoid the fee altogether by using an alternative interface to access Uniswap, rather than the one developed by Uniswap Labs.
Nevertheless, for all other trades on the mainnet and supported Layer 2 networks, the increased fee will be applicable. The specific fee amount is determined by Uniswap Labs .
During an interview with Bankless, Adams compared Uniswap Labs to a software development shop, highlighting their contribution to the core development of the protocol.
He also acknowledged that various other individuals and entities have built similar interfaces to the Uniswap Protocols.
