Uniswap Fee Switch Did Not Weaken Market Share, Analyst Says

DeFi analyst Jordi in Cryptoland said historical data shows Uniswap’s fee switch did not weaken its competitiveness. According to Odaily, Uniswap’s share of total DEX trading volume was 21% before the fee switch, remained roughly unchanged after it was activated, and has since risen to 31% with Robinhood channel integration. The analyst also said Uniswap’s value capture has improved, with protocol monthly revenue now running at about $7.2 million after starting from zero. The post noted that the figure remains modest relative to the protocol’s multibillion-dollar valuation, with its price-to-earnings ratio still above 40 times.