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Uniswap front-end transaction fees hit $420,000

Dune statistics show that the front-end trading fees of Uniswap have reached $420,000. It is worth noting that the front-end trading fees reached a daily high of $111,155 on October 24th and then decreased.

Uniswap Foundation receives US$46.2 million in funding to support work in the next 2 years

On October 25th, the Uniswap Foundation announced on X platform that Uniswap governance has approved continued funding for the Uniswap Foundation. Previously, the Uniswap Foundation had requested a proposal for a disbursement of $46.2 million to support their work for the next 2 years, and the proposed transaction has been transferred from the address starting with 0x1f98 to the address starting with 0xe571.

0xdFD has transferred all 3 million UNI received by the UNI Foundation to Wintermute's Kraken recharge address

As monitored by on-chain analyst Yu Jin, 10 minutes ago, the address 0xdFD transferred the remaining 1 million UNI (worth $4.33 million) to Wintermute's Kraken exchange deposit address. Today, the 0xdFD address received 3 million UNI (worth $13 million) from the UNI Foundation's custody address, all of which have been transferred to Wintermute's Kraken exchange deposit address.

The Uniswap Foundation Transferred 2 Million UNI to Wintermute’s Kraken Deposit Address via an Intermediate Address

October 24th, according to on-chain data analyst Yu Jin's monitoring, three days ago, the Uniswap Foundation Custody address unlocked 10.68 million UNI tokens (approximately $47.12 million) from a time-lock contract. Five hours ago, the Uniswap Foundation Custody address transferred 3 million UNI tokens (approximately $13.23 million) to the 0xdFD address. Subsequently, the 0xdFD address transferred 2 million UNI tokens (approximately $8.82 million) to Wintermute's Kraken trading platform recharge address.

The UNI Foundation Custody Address Obtained 10.68 Million UNI From the Time Lock Contract Unlocked 3 Days Ago

According to on-chain analyst Yu Jin, as reported by Jinse Finance, three days ago, the UNI Foundation Custody address (Uniswap: Foundation Custody) unlocked 10.68 million UNI tokens (47.12 million US dollars) from a time lock contract. Five hours ago, the UNI Foundation Custody address transferred 3 million UNI tokens (13.23 million US dollars) to the 0xdFD address. Subsequently, the 0xdFD address transferred 2 million UNI tokens (8.82 million US dollars) to Wintermute's Kraken exchange deposit address.

Most Uniswap DAO members oppose issuing Uniswap-branded Visa debit cards

According to Snapshot's data, more than half of the voters in a temperature check poll opposed the issuance of Uniswap-branded Visa debit cards for Uniswap DAO members.

Uniswap front-end transaction fees hit $210,000

According to Dune data, Uniswap's front-end transaction fees reached $210,831. Earlier, Uniswap Labs announced that it will charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet, including ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD, starting from October 17th.

Uniswap front-end transaction fees hit $180,000

According to data from Dune Analytics,the front-end trading fees on Uniswap reached $180,000. It is worth noting that the front-end trading fees on October 18th were the highest at $74,898, and have been decreasing since then. As of the time of writing, today's front-end trading fees are only $11,861. In addition, the token with the highest fee contribution is currently WETH, with fees reaching $96,619, accounting for more than 50% of all fees. Jinse Finance previously reported that Uniswap Labs announced on October 17th that it will charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet, including ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD.

Uniswap creator burns 99.99% of test coins, HayCoin price surges

HayCoin is a test token created by Uniswap founder Hayden Adams. After Adams decided to destroy 99.99% of the token's supply, its value skyrocketed. According to CoinGecko, as of the time of writing, the trading price of HayCoin is $2,538,123, an increase of over 273% in the past day. Adams expressed dissatisfaction with owning almost all of the supply of HayCoin. As a result, he burned 99.99% of his token supply, causing the price of HayCoin to soar.

The Founder of Uniswap Destroyed All His HayCoin, Accounting for 99.99% of the Total

Uniswap founder Hayden Adams wrote on X platform that he felt uncomfortable owning almost all of the supply of HayCoin, so he decided to destroy all of its tokens. Adams stated, "After the release of Uniswap V1, I created a small test liquidity pool containing a small portion of the total supply and left the rest in my wallet. I also used it to test contracts from Uniswap V1 to V2. Over the past week, I was very surprised to see people treating it as a meme. The crypto world is sometimes strange." Adams said he will no longer have any future involvement with this token because he has destroyed all of it. (The Block)