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Uniswap Has Charged Over $11,000 in Front-End Transaction Fees, and All Tokens Will Be Exchanged for USDC

On October 18th, according to on-chain data, Uniswap activated the switch for collecting frontend trading fees about 10 hours ago. The total fees collected so far are approximately $11,511.44. Yearn core developer banteg reported that Uniswap will exchange all tokens extracted every 10 minutes for UDSC and store them at address 0x6460D14DbAeb27AEfec8eBeF85dB35DefA31c3b9.

Previously, Uniswap Labs announced that it would charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet starting on October 17th. The specific tokens include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD.

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