Uniswap Labs Implements Fee Increase to 0.25% on Mainnet and Layer 2 Swaps
Uniswap Labs, the creator of the Uniswap protocol, has increased the fees charged to users for trading on its interface.
The fee has been raised from 0.15% to 0.25% for most swaps conducted through the platform.
The change was implemented on April 10, as indicated by blockchain data .
The first fee assessed on a new token happened to be XEN. It happened just a few hours after Hayden's announcement of the Wells Noticehttps://t.co/SHpyMfVefQ pic.twitter.com/pviCxhZ1ij
— Dan Smith (@smyyguy) April 13, 2024
While the fee increase affects the majority of swaps, certain transactions are exempt from the fee.
This includes trades involving stablecoins based on the same underlying currency and swaps between Ethereum (ETH) and Wrapped Ether (WETH).
Users also have the option to bypass the fee by utilizing alternative interfaces to access the Uniswap protocol, rather than relying on the interface developed by Uniswap Labs.
However, all other trades conducted on the mainnet and supported Layer 2 networks will be subject to the revised fee, which is determined by Uniswap Labs.
Notably, the fee adjustment came shortly after Uniswap founder Hayden Adams disclosed that the company had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), indicating a potential lawsuit.
News first broke that the SEC was investigating Uniswap last summer.
The SEC will presumably charge Uniswap Labs for acting as an unlicensed exchange and brokering unlicensed securities.
During an interview with Bankless, Adams emphasized that Uniswap Labs functions as a software development shop and has been involved in the core development of the Uniswap protocol.
“In addition, you know, we also have built an interface to
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