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Cryptocurrency News Articles

Uniswap Emerges as the Leader in DeFi Fees Collected Over the Past Seven Days

Aug 13, 2024 at 03:00 am

In the latest data on decentralized finance (DeFi) protocols, Uniswap has emerged as the leader in terms of average fees collected over the past seven days.

Uniswap Emerges as the Leader in DeFi Fees Collected Over the Past Seven Days

Uniswap Leads DeFi Protocols in 7D Average Fees with $2.3M Blockworks Pro Charting the latest data on decentralized finance (DeFi) protocols, Uniswap has emerged as the leader in terms of average fees collected over the past seven days. According to recent figures, Uniswap generated a staggering $2.3 million in fees, solidifying its position as the top-performing DeFi project in this metric. This significant lead underscores Uniswap’s dominance and the growing user adoption of its decentralized exchange platform.

TOP 10 PROJECTS BY 7D AVG. FEES

#Uniswap – $2.3M

#Aave – $1.0M

#KyberNetwork – $297.3K

#MakerDAO – $262.0K

#Sushi – $51.5K

#Curve – $47.0K

#GMX – $38.5K

#Synthetix – $19.2K

#Spookyswap – $18.8K

#TraderJoe – $14.0K

Following Uniswap, Aave has also demonstrated strong performance, collecting $1.0 million in average fees over the same period. As one of the leading lending protocols in the DeFi space, Aave’s ability to generate substantial fees reflects its importance in the ecosystem, particularly as users continue to leverage its lending and borrowing capabilities.

KyberNetwork, another prominent player in the DeFi sector, secured the third spot with $297.3K in average fees. This highlights the continued relevance of liquidity aggregation and on-chain transactions within the decentralized landscape.

MakerDAO and Sushi Show Resilience

MakerDAO, a key protocol in the stablecoin and lending space, recorded $262.0K in fees, placing it in fourth position. Despite the fluctuating market conditions, MakerDAO’s fee generation demonstrates the protocol’s resilience and its integral role in DeFi.

Sushi, another decentralized exchange, follows with $51.5K in average fees. Although it trails behind Uniswap, Sushi’s continued presence in the top 10 projects by fees indicates its sustained user engagement and utility.

Further details from the stats show that Curve, known for its efficient stablecoin swaps, generated $47.0K in fees, ranking it sixth. The protocol’s focus on providing low-slippage trades for stablecoins has kept it relevant in the competitive DeFi market.

GMX, a decentralized perpetual exchange, garnered $38.5K in fees, reflecting the growing interest in decentralized derivatives trading. Its inclusion in the top 10 is a testament to the rising demand for perpetual contracts and leveraged trading.

Synthetix, Spookyswap, and TraderJoe complete the list, with average fees of $19.2K, $18.8K, and $14.0K, respectively. These figures highlight the diverse range of DeFi protocols that continue to attract users and generate revenue despite varying market conditions.

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