Uniswap’s fees per core developer declined from $150 to $10 million The fall in UNI’s price could be a reason, and the fee switch might have further impacts The “fees per developer” indicator for Uniswap [UNI], the top decentralized exchange (DEX) platform on Ethereum according to Total Value Locked (TVL), has been falling dramatically lately. […]
. All cryptocurrency prices have taken a hit in the present market, and UNI was no different. Due to the fact that developer fees were originally priced in UNI, a decline in value would translate into less amount of money in USD.
According to the Uniswap development activity metric, the project’s activity dropped significantly around May, from over 500 to under three. As of the time of writing, the development activity had reached 78.05 and was showing signs of continuing to rise.The governing body of Uniswap will vote on whether to test a “fee switch” on a subset of pools in the next few days. In July 2022, awas put up with the intention of charging fees on a limited number of Uniswap liquidity pools.
The code permits a minimum fee of 10% to be assessed against the chosen pools. Users who are directly using the protocol to swap will not be affected by the fee move. Rather, a small portion of the present payments made to liquidity providers will be kept. If the fee switch proposal is approved and activated, the current fee for core developers might be reduced to between 10 and 15 percent of its present level.According to a review of the Market Value to Realized Value indicator during the last 30 days, UNI holders were at a loss at the time of writing. With the MVRV ratio at 0.2, UNI had only lost less than 1% of its value over the previous 30 days.
The Relative Strength Index also indicated a change to a negative trend. As the volume indicator indicated that sellers were in control, the RSI line was below the zero line.Subscribe to get it daily in your inbox.