Simply put, gas fees are high because numerous individuals wish to use the network. Investors will have to wait in order to draw out their Ether until the next upgrade to the network. Gas fees today What's up with the uniswap smart contract fee $10 and then the $80 network fees. These include: using Layer-2 solutions, utilizing gas tokens, or choosing the appropriate moment for the transaction. Many also think that this could have an effect on reducing gas prices and increasing the value of the Ethereum cryptocurrency. This fee is paid to miners or validators for finalizing the transaction . Basic Info Ethereum Average Gas Price is at a current level of 33.61, down from 35.83 yesterday and down from 57.23 one year ago. If you're one who trades for less volume, you should try using centralized exchanges. rev2023.3.3.43278. While this is an optimistic point of view, these views are not necessarily rooted in facts. For ex. check out gasnow.org for some protocols' maximum gas usage, Uni V2 has about a 100k gas usage. I went to transfer it off coinbase and they wanted like $15. Gas DAO (GAS) price has declined today. Why are physically impossible and logically impossible concepts considered separate in terms of probability? (Contracts / Accounts that consume a lot of Gas), Gas refers to the fee required to successfully conduct a transaction on the Ethereum blockchain. Loopring. gas gas-price gas-estimate uniswap Share I agree and understand the frustration. You can find others listed on our crypto exchanges page. Most analysts expect that the introduction of Ethereum 2.0 will have a powerful impact on the world of crypto technology as a whole. There are plans of Uniswap to offer a USDC airdrop to early adopters of the Genie platform, slated to take place in August 2022. Thanks for contributing an answer to Ethereum Stack Exchange! This added both profitability potential and the ability for users to shape its future an attractive aspect of decentralized entities. Uniswap is down 1.05% in the last 24 hours. $12 Million+ ZKS Liquidity Program Launches Feb. 17. Let's take an example. Calculate your Uniswap v3 positions fee returns, APY, APR, ROI, yields, and impermanent loss based on how much pool liquidity you provide. A Polygon Fork of Uniswap May Save You Money on Gas Fees. Note: There are also transaction fees you need to pay when approving a token and making a trade. Overall gas fee structure. https://github.com/Uniswap/uniswap-v2-core, How Intuit democratizes AI development across teams through reusability. Etherscan is a Block Explorer and Analytics Platform for Ethereum, a decentralized smart contracts platform. Uniswap was the most dominant DEX in 2021 in terms of trading volume, and the top ranked DAO in terms of the amount held in the treasury. Reasoning: Introducing 0.01% trading fees for stablecoin pair liquidity pools onto the UniSwap v3 Polygon network can be a great step to expand the use of 0.01% fees onto the second largest chain running on UniSwap v3 and bring more liquidity into the UniSwap v3 ecosystem. Compared to Uniswap, it can save gas fees by up to 55% (apple-to-apple comparison). It's not. A standard transaction requires 21,000 units, while more complex ones can require much more. Generally it's a 3-part process (this is for the swapExactTokensForTokens() path): However, if you look a bit deeper at the example above, this 3-part process actually involves 13 internal transactions (i.e. Any use or reliance on this content is made solely at your own risk and discretion. 2 minute read. Network congestion is brought about by the extreme use of the blockchain. Perhaps look into using a L2 like Polygon. Breaking pairs into separate pools was previously untenable due to the issue of liquidity fragmentation. doing a trade on a decentralized (Ethereum-based) exchange like Uniswap. Swap fees are not automatically reinvested as they were in previous versions of Uniswap. This is a milestone worth recognizing. Doesnt go to the miners any more. This website is intended to provide a clear summary of Ethereum's current and historical price as well as important About 9.23 ETH are burned every minute due to the spike in the network fee. The current CoinMarketCap ranking is #18, with a live market cap of $4,721,007,359 USD. Where is my disconnect? There are a number of strategies that can be used to pay lower Ethereum gas fees. I assume latest mainstream interest on crypto prompts the ETH network to be super busy hence super high gas fees. High gas fees and significant wait time for transaction processing have been a regular source of irritation for Ethereums growing number of investors. If youre not in a great hurry and you manage to time your action just right, you could potentially cut your gas fee costs in half. As of EIP-1559, the overall fee a transaction creator pays is calculated as: ( (base fee + priority fee) x units of gas used) . In essence, the Anyswap can swap tokens that use EdDSA or ECDSA as its signature algorithm. Short story taking place on a toroidal planet or moon involving flying. This is insane crypto gremlin robbery lol. If the price of ETH drops then developers will be more inclined to release their smart contracts/dapps because it's cheaper to acquire. Disconnect between goals and daily tasksIs it me, or the industry? If you dont have a Binance account yet, you can click the button below or use the referral ID WRYOO8BZ to open your Binance account with a 20% fee discount: Uniswap has four fee tiers, 0.01%, 0.05%, 0.30%, and 1.00%. Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. During the process, many people voiced a desire to have more time to research this proposal before voting. ZKSwap Review: Saved about 90% in gas fees vs. Uniswap. This is a change of -6.21% from yesterday and -41.28% from one year ago. Uniswap offers an easy-to-use interface and a wide selection of cryptocurrencies, making it the most popular DEX available today. One of the major AMMs in operation at present, the protocol functions using a formula for automated exchange X x Y = K. Founder Hayden Adams describes himself as the inventor of the particular implementation of the formula on Uniswap. Gas fees are paid in Ether (ETH) and denominated in Gwei. His original idea to focus on Ethereum came after a friend convinced him to begin researching and understanding the protocol in 2017. It's going to limit this run because high fees slow usage and then the price will drop and everything will settle again before usage/price increases. 50 Also known as nanoether, this represents the one billionth part of an ETH. You can monitor something like gas now, which will give you the current gas prices for pending transactions. Tesdvdfting! Trade Uniswap today. The current Ethereum market cap stands at $209 billion. Learn more about Gas in our Knowledge Base. Ethereum gas fees are skyrocketing, with fees as high as $100! 1/ NFTs are officially live on Uniswap!! This is done using a denomination of Ethereum known as Gwei. Cardano (ADA) Sees Long-Term Investors Reach an All-Time High. Trending Tags. This fee is split by liquidity providers proportional to their contribution to liquidity reserves. It also serves as a registry for all ERC20 tokens added into the system. To my knowledge swap gas fee is 21000 or so. The price of Ether is 4701. It's up and running and you can send to L1 from it. Everyone signs his transaction, but the contract e.g. To my knowledge swap gas fee is 21000 or so. The entire 0.3% fee on Uniswap goes to liquidity providers. The INNODEX platform, powered by NvirWorld's "Stay Pending" technology, could prove to be a game-changer in decentralized exchanges. I only have a little over a hundred USD in Eth. March 2, 2023. Summarized, Uniswap is a decentralized exchange built upon the Ethereum Network. The most important of these has been dubbed The Merge by its developers. We submitted our mobile . Users contribution to the liquidity pool creates a source of ERC20 tokens from which swapping is possible. You can read more about how to enter the cryptocurrency market, no matter what token you plan to purchase, here. Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. And its not clear if paying a ransom will not be more expensive than simply writing everything off. You can read more about how to buy Ethereum here. This is a well known issue that is being getting resolved. Fuck that. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Upgrade now. Additionally, users can buy NFTs across multiple marketplaces through one transaction, significantly reducing their gas fees. UNI is the governance token for Uniswap. Uniswap just released an alpha that runs on layer 2 Ethereum andis much cheaper and faster. Uniswap V3 allows concentrated liquidity positions, i.e., NFTs stored in your Ethereum wallet, just like any other token. While The Merge may not impact gas fees, the use of roll-up technology will. Advanced Oracles Check out CoinMarketCap exchange rate calculator. Can Martian regolith be easily melted with microwaves? There is no way to reduce Uniswap fees. Genie is an NFT marketplace aggregator helping users discover, buy and sell non-fungible tokens (NFTs) across multiple marketplaces. This time, the latest data shows average transaction fees hit $11.61 yesterday. . All rights reserved, We use cookies to offer you a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements. The live Uniswap price today is $6.75 USD with a 24-hour trading volume of $97,928,984 USD. By clicking Accept all cookies, you agree Stack Exchange can store cookies on your device and disclose information in accordance with our Cookie Policy. Offering ERC20-ERC20 pools was also better for liquidity providers who didn't want to supply ETH. Currently, Uniswap does not keep any share of the fee collected. Uniswap v2 introduced a protocol fee switch, which allowed a flat 5 basis point (16.66% of LP fees) fee to be turned on by governance. Usage isn't slowing, it's increasing which is why gas fees are so high. I'm keeping a close eye out though. PancakeSwap is a decentralized exchange running on Binance Smart Chain, with lots of other features that let you earn and win tokens. The price of ETH in August 2022 varied between $1600 and $1800. All trades on Uniswap are subject to a fee of 0.3% of the transaction value. With price impact concerns out of the way, breaking pairs into multiple pools becomes a feasible approach to improving the functionality of a pool for assets previously underserved by the 0.30% swap fee. By Indians. Uniswap v3 increases capital efficiency by up to 4000x for LPs and, as we published last month, provides much deeper market depth in popular token pairs than leading centralized exchanges like Binance and Coinbase. In the future, it is possible that a protocol-wide charge of 0.05% per trade will take effect. It is very labor intensive, not to mention not very good for the environment. The Beacon Chain update has already introduced Proof-of-Stake to the network, and The Merge is expected to take place in September of 2022. What bugs me the most is the smart contract call to allow uniswap to use your token is processed before you know the ETH gas and transaction fees. Uniswaps UNI governance token is available for trading on major exchanges against other cryptocurrencies, stablecoins, fiat currencies and more. Gas fee prices may not change dramatically. Gets burned. Ethereum gas prices tend to increase because of two factors: growth of the value of Ethereum cryptocurrency and an increase in demand for the Ethereum blockchain network. How to trade tokens with no gas fees A Brief Synopsis on Loopring L2 Loopring's Layer 2 is a place where people can enjoy Ethereum by circumventing the biggest downside facing the network today: brutally high gas costs. Learn more about Gas in our. Secure your seat today. One issue users of all Ethereum-based apps including Uniswap face are transaction fees (also called gas) that can vary widely in price and can make it expensive to use the network. Gas units are utilized to measure the miners contribution. I was reading a post from a year ago talking about withdrawing from an LP pool that had gone out of range not being cost effective. For more information, see here. Uniswap, being decentralized, eliminates the need for third parties in transactions. $0.000001277 Gas Fee Rise (GFRISE) realtime price charts, trading history and info - GFRISE / WETH on Ethereum / Uniswap Exchange fees on Coinbase are often a higher percentage. (Source: coinmetrics.io) In line with expectations, this is a pattern repeated for average transaction fees. (As outlined in Appendix G of the Yellow Paper.). You then oh more gas fees, because youre running more code. Telegram |Twitter|Youtube |Instagram| Facebook| LinkedIn. It is likely that Sharding technology, together with Layer-2 solutions, will help to eventually drive down the price of gas fees on the Ethereum network. Recovering from a blunder I made while emailing a professor. Transaction speeds wont necessarily increase. Compared to v2, UNI governance has more flexibility in choosing the fraction of swap fees that go to the protocol. (If you want to dig deeper, then the v2 contracts are here: https://github.com/Uniswap/uniswap-v2-core). Now available as a These have been dubbed Eth 2.0. However, it is possible for a 0.05% fee to be turned on in the future. Uniswap is not just a decentralized exchange; it attempts to solve the issues that platforms such as EtherDelta experienced with liquidity. 2023 Dappgrid About Privacy Policy Terms and Conditions Contact. However, it is currently ranked second, behind BitDAO a DAO focused on funding and investing in emerging crypto projects. For instance, of the 0.4% charged on each swap, 0.3% is channelled to the liquidity pool, and the remaining 0.1% goes to the Anyswap Company. Upshot: Uniswap and PancakeSwap have become household names in decentralized exchanges but a new crop of platforms are coming online with the promise of lower fees and more pricing transparency. The gas fees right now are one of the biggest issues and barriers for smaller (less than $5-10k) investors. Create an account to follow your favorite communities and start taking part in conversations. The heatmap calculates an average of these standard prices for each 1 hour window using data from the previous two weeks. Been hearing about it for over a year and it's no where. Like the aforementioned walkway that can quickly get crowded, blockchain networks also have limits. Early investors made millions with a mere $1,000 investment into SHIB, changing their financial fortunes for good. To do this he pays $100 in gas using ETH. This is. A relatively low estimate on the of the gas cost of setting or removing a Uniswap v3 position is 350,000 gas. What this gas cost represents in both ETH and USD terms depends on the congestion on . More importantly, based on . supply of 1,000,000,000 UNI coins. As was seen in August 2020, too many Uniswappers equaled Ethereum network . The fee tiers represent the risk that liquidity providers are willing to take according to the expected volatility of their pools. Want to convert the Uniswap (UNI) price today to your desired fiat currency? . You have to approve tokens because uniswap doesnt have the permission to spend your tokens until you do. Roll-ups are Layer-2 solutions that help transactions be processed off-chain. Are miners content with the limit of their rewards? zuckerberg ; ZOOT Token ; ZOOT Coin ; ZOOT ; Zoo Token ; ZOO ; zkEVM ; zipmex ; Zimbabwe ; It resulted in users spending almost $7 million in ETH to complete their trades. The first is called the liquidity pool fee, which is a flat platform fee for swapping any two cryptocurrencies on the platform. The factory contract creates exchange contracts for ERC20 tokens without any preexisting contract. 50 Install the MetaMask Chrome or Firefox extension to quickly create a secure wallet. DeFi is about radical self responsibility and the associated financial freedom. When you tell the ethereum network uniswap is allowed to use X, it costs gas fees, like everything else on the network. This is the reason why the block gas limit has changed over the years. This represents th (16.6%) of the 0.30% fee. 3/ We also have lower gas fees Our latest Universal Router smart contract can save you up to 15% on gas costs compared to other NFT aggregators, saving our users tens of thousands of . Ethereum offers storage refunds when some of this is deleted, thereby decongesting the network. About an argument in Famine, Affluence and Morality, Follow Up: struct sockaddr storage initialization by network format-string, How to tell which packages are held back due to phased updates. UNI is an ERC-20 token, meaning it requires Ethereum to function. Press question mark to learn the rest of the keyboard shortcuts. To buy ETH you must have an Ethereum wallet to receive a balance. The exchange processes $968 million worth of trades on its v1 platform and $99 million on its v2 platform, plenty of volume for traders and liquidity . . Furthermore, there is another parameter which is known as the block gas limit. It has a circulating supply of 762,209,327 UNI coins and a max. By clicking Post Your Answer, you agree to our terms of service, privacy policy and cookie policy. The next phase is the consensus check, where the proposer has to highlight the core changes and garner at least 50,000 yes-votes. 2023 CoinMarketCap. Check out our education resources here. From reading the whitepaper, it seems they want to reduce fees as well as offer cashback on gas fees. When you set a higher gas limit (sometimes done automatically through the crypto wallet), the miners will be aware that there is more computational work to be done on their end. Redoing the align environment with a specific formatting. There is a 0.3% fee for swapping tokens. There are many community-developed tools to determine returns. The fee collected by Uniswap for trades executed from a particular Liquidity Pool is distributed proportionally to the Liquidity Providers. Cardano; by Joshua Ramos. Still, new blockchain networks have appeared in recent years which offer much lower transaction fees and are able to process more transactions at higher speeds. This is to ensure that participation in the Uniswap ecosystem continues, by disincentivizing passive holders. This shows how much they are willing to spend. The price of Uniswap (UNI) is $6.67 today with a 24-hour trading volume of $74,798,564. This is insane crypto gremlin robbery lol. Making statements based on opinion; back them up with references or personal experience. It's not Uniswap, it's Ethereum gas price you're paying, that goes to the miners and soon to PoS validators. In other words, the gas fee limit, together with a demand that has often caused the network to be congested, have contributed to the high gas fee prices. These have been dubbed Eth 2.0. 300 dollar gas fees now. This is the chain, you have X token you want to swap for Y. The mechanism also removes identity requirements for users, and technically anyone can create a liquidity pool for any pair of tokens. The Ethereum blockchain is similar to a walkway. Since that is a bit too involved for just querying prices, we'll just grab a free endpoint . But why then do Ethereum gas prices fluctuate? We've released LlamaZip, a UniswapV3 router specially optimized for Optimism, achieving huge gas reductions vs every other aggregator (in screenshot, 7.8x cheaper than 1inch). I've written about it here. Applying their DeFi knowledge to NFTs can potentially help bring digital ownership and value to a bigger audience. Gas fees are paid in Ether (ETH) and denominated in Gwei. Change in the demand for transactions to be confirmed. $LRC! They been trying to take lots of people money, 245 dollars just to sell a value of 550 bucks wtf. High Ethereum gas fees for v1; Risk of impermanent loss for liquidity providers; Why we chose Uniswap. Some claim that Anyswap can be said to be the top Uniswap alternative in the DeFi space. To learn more, see our tips on writing great answers. In contrast, SushiSwap offers a 0.3% fee for swaps, 0.25% of which is given to the LP, and the remaining 0.05% is distributed to SUSHI token holders. They achieve this by moving the transaction information off-chain and then moving the results back onto the Ethereum network. Press question mark to learn the rest of the keyboard shortcuts. Each swap attracts a fee of 0.3%. Share Improve this answer Follow answered Nov 3, 2021 at 13:34 Sujith Somraaj 296 1 6 1 Without actually digging into the opcodes associated with a Uniswap (v2) swap operation, just looking at an example transaction gives an idea that there's a lot going on when swapping from token A -> token B. Check out our deep dive on Uniswap DAO and other top DAOs and how their governance systems work. Im in the same situation at this moment I feel like my small investment is hostage to the miners. Meanwhile, the "gas price" is the amount you are willing to pay for each unit of gas. Token distribution currently consists of the following: 60% to Uniswap community members, i.e. While not ideal, it may prove necessary to strategize and carefully choose the moment when you wish for your transaction to be processed. Ethereum gas prices vary a lot, even from one hour to another. These even include users who submitted transactions which were never successful they are eligible for 400 UNI. Since the gas is used to pay the aforementioned miners, it is crucial to know how much each will receive. Gas refers to the fee required to successfully conduct a transaction on the Ethereum blockchain. Learn more about Stack Overflow the company, and our products. Ridiculous!! This is due to the fact that shifting to Proof-of-Stake helps in a number of ways but does not involve expanding the network capacity. That congestion drives. What other operations are associated with a Uniswap swap that burn the extra gas? Uniswap are preparing to take the next step in their journey to become a one-stop shop. Therefore, on average, the best time to save on fees is to submit transactions between 2 AM (18:00 UTC) and 8 AM (12 AM UTC) Singapore time. High Gas Fees haunting Uniswap, here's how you bypass that | by Cryptoforce | Medium Write Sign up Sign In 500 Apologies, but something went wrong on our end. . I have yet to create a pool so I am trying to do my homework first. The Merge has garnered near mythical status in the crypto community. This is in no small part due to the fact that it has been touted for release ever since 2017. . Uniswap also offers multiple fee tiers, and they are paid to the liquidity pool. The only issue is that it is necessary to swap the ETH or supported stablecoin into the Avalanche version of that token first, a process that has to be conducted on the Ethereum network. New to DeFi and cryptocurrency? When using a new protocol, like uniswap, it needs permission to use the funds in your wallet. Stack Exchange network consists of 181 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. Thanks. Finally, the governance phase has to attract 40M yes-votes for the proposal to be adopted. However, in 2022, Ethereum vows to introduce a number of significant upgrades. users, 21.51% to team members, 17.8% to investors and 0.69% to advisors. Network nodes are required to store plenty of information regarding transactions. As soon as you include smart contracts in the equation the gas cost increases: each opcode associated with each step in the execution of a smart contract incurs a cost. Currently UniSwap v3 Polygon has a TVL of $57.87 M, only behind the Ethereum liquidity pools. Connect and share knowledge within a single location that is structured and easy to search. And average GAS fee per transaction went as high as $80 during past few weeks. Users can also contribute to liquidity pools of ERC20 tokens and earn commission from that. How can I calculate the gas fee of a swap on Uniswap? Similarly, using Balancers crypto vault can significantly reduce gas fees. Change the wallet network in the MetaMask Application to add this contract. You can try greenswap.tech (for now it only supports ETH/USDC). Reddit and its partners use cookies and similar technologies to provide you with a better experience. Rather than calculating this charge on swaps, which would significantly increase gas costs for all users, the charge is instead calculated when liquidity is added or removed. The fee is distributed to liquidity providers proportional to their share of the pool. Cardano and other platforms like Algorand are not pumping for no reason the demand is there. Batching could be executed on two rules: Either 12 pool deposits come first or 8 hours passed since the oldest deposit request. This is a truly decentralized exchange as Anyswap has no control over your investments and funds. According to gas tracker on Etherscan the average gas price is 212 gwei and the average Uniswap swap estimate is $70.26 which implies that the gas fee is around 201101. Use EthereumPrice to see how these vary. Since its launch there has been substantial interest in its UNI to AUD and UNI to EUR price pairs. You are acting like uniswap, a smart contract on a fully transparent network, is a bank that owes you some level of diligence. By automating the process of market making, the protocol inceventizes activity by limiting risk and reducing costs for all parties. Lowest gas price (gwei) Weighted avg gas price (gwei) % of total blocks; Summary. High fees are not a rare thing in today's DeFi ecosystem: . The Uniswap DAO has over 310,000 members that can vote over the $1.6B treasury, governance and roadmap of the DEX by holding UNI governance tokens. These will become available over the course of four years, after which Uniswap will introduce a perpetual inflation rate of 2% to maintain network participation. On the other hand, the Ethereum network is restricted by its gas limit. The block gas limit is 30 million gas, although 15 million units of gas are a more realistic target. Yes, p2p payments require gas, as would executing any Ethereum contract, e.g. Uniswap V3 Fee Calculator - Uniswap.fish Home Gitcoin Donation Github Repository @uniswapdotfish hello@uniswap.fish Any idea of where to find Level 2 exchangers to avoid these astronomical gas fees? Refresh the page, check Medium. More information about a potential future protocol fee can be found here. updates from the industry. "So why a limited early release from a team committed to access for anyone?". Uniswap v3 introduces multiple pools for each token pair, each with a different swapping fee. The Uniswap Labs team will reimburse these fees to users to celebrate the launch of our NFT Marketplace! Uniswap Fee Calculator: Calculate Uniswap Trading Fees, Binance Tutorial: How to Use Binance | Fees & Depositing Money, Uniswap Review: Fees, UNI Token & Removing Liquidity, 1inch Exchange Review: Fees & How to Use 1inch Exchange, SushiSwap Review: SUSHI Staking & SushiSwap Fees, Matcha.xyz Exchange Review: How to Trade on Matcha & Fees, Balancer Exchange Review & Tutorial: Fees, Trading & BAL Token. However, when it gets crowded, real estate on it becomes more valuable and harder to procure. Any incentive alignments achieved by more fee optionality invariably resulted in a net loss to traders, due to lower pairwise liquidity and the resulting increase in price impact upon swapping. Or Level 2 exchangers dont exist yet? Uniswap V2 launched on Nov. 2, 2018, and introduced new features like ERC-20 pairs, price oracles, flash swaps and more. I'm really just trying to liquidate a loss and seems to be cheaper not to swap it for ETH due to the transaction fee. The gas fees are calculated by multiplying two numbers: the gas cost of Uniswap's code, and the gas price which you offer miners to execute your transaction. The Bitcoin network, which is restricted by its size in bytes, for example, has a limit of 7-8 transactions per second. Yes, the average gas fees for Uniswap trades are around $100 and can go as high as $300-400 based on the network gas fees. ETH and NFT gas fee tracker for marketplaces like Rarible and Foundation in real-time ETH Gas fee (Gwei) 48.5 $1.67 Rarible Gas Fees Mint $ 21 Make bid $ 3 Accept bid $ 22 Approve $ 3 Transfer $ 4 Burn $ 2 Own collection (Single items) $ 230 Own collection (Multiple items) $ 211 Foundation Gas Fees Mint $ 22 List $ 22 The cost to interact with smart contracts and Web3 platforms is even worse, as people have reported on Uniswap or decentralized exchange (dex) fees being upwards of $300 to even over $1K per interaction. I am misunderstanding the gas data i'm seeing. I agree we all want layer two, but check yourself before you start complaining unless you are a direct contributor to the project. Hayden Adams, Uniswap's founder, also posted about the development, noting that "Uniswap v2 LP fees finally passed Bitcoin network fees on the 7-day average. Uniswap compensates its contributing members by giving the percentage of the transaction fee attracted by swapping.