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# Uniswap sets a new DeFi record by becoming the first protocol to generate $1 billion in fees
- URL: https://btcpeers.com/uniswap-sets-new-defi-record-by-becoming-first-protocol-to-generate-1-billion-in-fees-for-liquidity-providers-2/
- Published: 2021-08-12T21:51:02.000Z
- Updated: 2023-09-24T15:43:52.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

Leading decentralized exchange (DEX) Uniswap has hit a major milestone in fee generation, becoming the first DeFi protocol to cross the $1 billion benchmark.

Lucas Outumuro, the head of research at [crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/) data aggregator IntoTheBlock, made the disclosure through a chart in a tweet showing the combined fee revenues of Uniswap’s v2 and v3 Ethereum mainnet deployments.

His tweet was subsequently retweeted by Hayden Adams, the founder of the Uniswap protocol.

> 🦄 @Uniswap just became the first DeFi protocol to generate $1b in fees https://t.co/44Jo7x2eP2
> 
> — hayden.eth 🦄 (@haydenzadams) August 10, 2021

The data shows that Uniswap v2 accounts for three-quarters of the total sum. This does not come as a surprise since v3 was launched earlier this year.

According to CryptoFees, Uniswap generated an average of $3.89 million per day in the past week. On a broader scale, Ethereum is currently leading the charge in terms of daily fees, with an average of $18.9 billion daily over the past week. Binance Smart Chain closely follows Uniswap in third place with an average daily fee count of $2.6 million. Surprisingly, Bitcoin is sitting in sixth place with $568,000 generated per day.

UNI, the native token of Uniswap has gained a whopping 48% in the past two weeks but still trails its all-time high of $45 by 47%.