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