Uniswap Soars Past $100M Monthly Fees on V4 Upgrade Frenzy

Uniswap's dominance in the decentralized exchange (DEX) sector continues to grow. According to DefiLlama, the protocol generated $99.06 million in fees over the past 30 days, placing it among the highest revenue-generating crypto projects.

This milestone also pushed Uniswap's lifetime protocol fees to $5.72 billion, solidifying its position at the top of the DeFi sector.

The recent upgrade to Uniswap V4 has contributed significantly to this growth, introducing a new revenue model where a portion of protocol fees can now be directed toward buying and burning UNI tokens. This reduces circulating supply over time while giving the token a more direct connection to the protocol's growing revenue.