Uniswap consumers continue to face mounting fees with the Ethereum-based decentralized exchange generated $4.8m worth in 24 hours on March 29, according to CryptoFees.
This has put Uniswap ahead of Bitcoin, which generated just $3.1m in the period examined by CryptoFees.
The highest fees were generated by Ethereum, which has been struggling with gas prices for months now.
Overall, Ethereum posted $16m in fees in the 24-hour window surveyed by the company and $20m over the seven days prior.
Uniswap has been able to mitigate some of the fees, diversifying its offer steadily. Yet, the increase in gas prices on the Ethereum blockchain has naturally affected the decentralized exchange as well.
To properly pinpoint the fees, BitInfoCharts has decided to take a look at its own and concluded that Ethereum posted fees of $13.60 on average.
This is not ideal for Uniswap but it's not too bad either. According to ETH Gas Station, Uniswap is the biggest producer of ETH gas in the industry outside of Ethereum itself.
While the high gas prices right now are an issue, they are not as much of an issue to established consumers. People who are new to DeFi though, find it very hard to join as every transaction they made is weighed down by a hefty fee.