Breaking 🚨 Uniswap Generated $1.3B in Fees Over the Past Year

#Uniswap.

But guess how much went to the protocol and token holders? $0. Yep, all of it went to Liquidity Providers, Ethereum Validators, MEV bots, and L2 sequencers.

That’s about to change with the upcoming launch of Unichain, Uniswap’s new general-purpose L2 built within the OP Superchain. Here's why this is huge:

🔸 Settlement Fees: Uniswap will capture the $368M that currently goes to Ethereum validators.

🔸 MEV: Uniswap will take control of MEV, estimated at $100M, and may share it with UNI token holders.

🔸 Liquidity Providers: LPs will continue receiving 100% of trading fees, with the potential to earn from settlement and MEV.

Winners:

💼 Uniswap Labs (capturing settlement & MEV)

💰 UNI token holders (staking for settlement & MEV)

🛠 LPs (staking for MEV)

🚀 Optimism (getting a cut of fees)

Losers:

🔻 Ethereum Validators (losing $368M in fees)

🔥 ETH holders (fewer fees burned)

💸 Arbitrum, Base (losing fees to Unichain)