Uniswap, the decentralized crypto exchange (DEX), has made a significant announcement. Starting tomorrow, the platform will introduce trading fees on specific tokens, set at 0.15% per trade. This marks a shift from Uniswap’s historically feeless approach.
Uniswap Labs CEO Hayden Adams took to Twitter to share this update, emphasizing that these fees are a strategic step to support the sustainable development of the company.
Uniswap Labs is the creator of the widely-used decentralized exchange protocol Uniswap, which, until now, has been known for its fee-free nature.
It’s important to note that these introduced fees will be applicable only to trades executed through Uniswap’s web and mobile interfaces.
The core Uniswap protocol, governed by smart contracts that are autonomous and decentralized, will remain exempt from fees.
Adams, who has traditionally advocated for entirely free systems, explained, “I built the protocol to be a permissionless and decentralized public good.”
He acknowledged the multitude of choices users have when interacting with the platform and emphasized that Uniswap’s interface fee is among the lowest in the industry.
This fee structure will provide crucial resources for the ongoing research, development, improvement, and expansion of the crypto and DeFi space.
