Uniswap Overtakes Ethereum In Fees

Uniswap beat the Ethereum blockchain in fees in seven days. This confirms the growing interest in DeFi amid the ongoing bear market. 

Decentralized finance (DeFi) platforms such as AAVE and Synthetix have shown revenue growth over the past seven days. The value of their native tokens has also risen. 

According to information obtained from Crypto Charges, typical daily fees generated from trades on UniSwap between July 15 and July 21 total $4.87 million. During the same period, Ethereum raised $4.58 million. 

According to CoinGecko, over the past seven days, Uniswap has gained 17.4% to $5.18. Even in the current bear market, there is investor interest in various DeFi projects, which has made Uniswap one of the many platforms seeing a rise in token value.

For example, the AAVE and Synthetix projects take the third and fifth places in terms of fees, with $981,883 and $600,214, respectively.

AAVE also recorded an increase of 69% to $1.44 million on July 15. And the native token of the project grew by 22%.

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