Uniswap Trade Pools Launches with 0.25% Trading Fee, Boosting Robinhood Chain

Uniswap has launched its cheaper token launchpad, Trade Pools, which charges a 0.25% trading fee compared to 1% charged by some competitors.

The new launchpad is part of Uniswap's efforts to drive usage on its platform and compete with other decentralized exchanges (DEXs).

Uniswap CEO Hayden Adams defended the cheaper token launchpad, saying that users want a level playing field and accusing critics of assuming people want to use 'highly extractive, shady platforms.'

The Trade Pools debut saw Uniswap's UNI price pump by 5% to $4.19, but the token was still cooling off from July's recovery.