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Cryptocurrency News

DeFi summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms

06/23/2022

Less than a minute

2022.06.23 08:51

Decentralized exchange (DEX) Uniswap has overtaken its host blockchain Ethereum in terms of fees paid over a seven-day rolling average.

The surge appears part of a recent spate of high demand for DeFi amid the current bear market. Decentralized finance (DeFi) platforms such as AAVE and Synthetix have seen surges in fees paid over the past seven days, while their native tokens, and others such as Compound (COMP) have also boomed in price too.