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How will Uniswap’s rising DEX volume affect UNI? Analyzing…
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ambcrypto.comAs investor trust in CEXs have declined, many users have moved on to DEXs, resulting in a surge in volume for the latter. Uniswap [UNI], one of the leading DEXs in the crypto space, has benefited immensely from this development.
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One way through which Uniswap benefitted from the high DEX volume was through the spike in its LP (Liquidity Pool) fees. In March, Uniswap’s LPs earned $77 million in fees.
<p lang=«en» dir=«ltr» xml:lang=«en»>DEX trading is at a high right now which means so are rewards for LPs ✨In March alone, Uniswap LPs earned $77M in fees. pic.twitter.com/XkFPkITJy2
— Uniswap Labs
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