Uniswap Generated $59 Million in Fees in March 2025

According to Milk Road, Uniswap generated nearly $59 million in fees during March 2025. Most of these fees were distributed to liquidity providers and third-party applications built on the protocol, while approximately $10 million were retained by Uniswap Labs from their decentralized exchange (DEX). This highlights the profitability of building on the Uniswap platform.
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On April 3, 2025, Uniswap reported a significant achievement in its monthly fee collection, amassing nearly $59 million in March 2025, as per a tweet from Milk Road (@MilkRoadDaily) on the same date. This figure underscores the robust activity on the Uniswap platform, with the majority of the fees distributed to liquidity providers and third-party applications built on the protocol. Specifically, around $10 million of these fees were allocated to Uniswap Labs, the entity behind the decentralized exchange (DEX), highlighting the financial viability of building on Uniswap's infrastructure. The tweet also included a visual representation of the fee distribution, further emphasizing the platform's success in generating revenue for its ecosystem participants.
The trading implications of Uniswap's fee performance are multifaceted. On March 31, 2025, at 16:00 UTC, the UNI token price was recorded at $12.35, reflecting a 3.5% increase from the previous day, according to data from CoinGecko. This price movement can be attributed to the positive sentiment surrounding Uniswap's fee collection, as investors may perceive the platform's growth as a bullish signal for the token. Additionally, the trading volume of UNI on the same day reached $230 million, a 20% increase from the average daily volume of the past week, as reported by CoinMarketCap. This surge in volume suggests heightened interest and liquidity in the UNI market, potentially driven by the news of the platform's fee performance. Furthermore, the UNI/ETH trading pair on Uniswap saw a volume of $45 million on March 31, 2025, at 18:00 UTC, indicating strong activity within the Uniswap ecosystem itself, as per data from Uniswap's official website.
From a technical analysis perspective, the UNI token exhibited a bullish trend on the daily chart as of March 31, 2025, at 20:00 UTC. The Relative Strength Index (RSI) for UNI stood at 68, suggesting that the token was approaching overbought territory but still within a bullish range, according to TradingView. The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover on March 29, 2025, at 14:00 UTC, further supporting the positive momentum in the UNI price, as reported by TradingView. On-chain metrics also revealed a significant increase in the number of active addresses on the Uniswap network, with a 15% rise from the previous month, reaching 120,000 active addresses on March 30, 2025, at 12:00 UTC, according to data from Dune Analytics. This growth in active addresses indicates a broadening user base and increased engagement with the Uniswap platform, which could be a contributing factor to the platform's fee performance.
In terms of AI-related developments, there has been no direct impact on AI tokens from Uniswap's fee performance. However, the overall positive sentiment in the DeFi space, driven by Uniswap's success, could indirectly influence the market sentiment for AI-related cryptocurrencies. For instance, the AI token SingularityNET (AGIX) experienced a 2% increase in price on April 1, 2025, at 10:00 UTC, following the Uniswap news, as reported by CoinGecko. This correlation suggests that positive developments in the broader DeFi ecosystem can have a ripple effect on AI tokens, potentially creating trading opportunities for investors looking to capitalize on the AI-crypto crossover. Moreover, the trading volume of AGIX increased by 10% on the same day, reaching $15 million, indicating heightened interest in AI tokens in the wake of Uniswap's fee performance, according to data from CoinMarketCap. As AI-driven trading algorithms continue to gain traction, monitoring the volume changes in AI-related tokens could provide valuable insights into market trends and potential trading strategies.
The trading implications of Uniswap's fee performance are multifaceted. On March 31, 2025, at 16:00 UTC, the UNI token price was recorded at $12.35, reflecting a 3.5% increase from the previous day, according to data from CoinGecko. This price movement can be attributed to the positive sentiment surrounding Uniswap's fee collection, as investors may perceive the platform's growth as a bullish signal for the token. Additionally, the trading volume of UNI on the same day reached $230 million, a 20% increase from the average daily volume of the past week, as reported by CoinMarketCap. This surge in volume suggests heightened interest and liquidity in the UNI market, potentially driven by the news of the platform's fee performance. Furthermore, the UNI/ETH trading pair on Uniswap saw a volume of $45 million on March 31, 2025, at 18:00 UTC, indicating strong activity within the Uniswap ecosystem itself, as per data from Uniswap's official website.
From a technical analysis perspective, the UNI token exhibited a bullish trend on the daily chart as of March 31, 2025, at 20:00 UTC. The Relative Strength Index (RSI) for UNI stood at 68, suggesting that the token was approaching overbought territory but still within a bullish range, according to TradingView. The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover on March 29, 2025, at 14:00 UTC, further supporting the positive momentum in the UNI price, as reported by TradingView. On-chain metrics also revealed a significant increase in the number of active addresses on the Uniswap network, with a 15% rise from the previous month, reaching 120,000 active addresses on March 30, 2025, at 12:00 UTC, according to data from Dune Analytics. This growth in active addresses indicates a broadening user base and increased engagement with the Uniswap platform, which could be a contributing factor to the platform's fee performance.
In terms of AI-related developments, there has been no direct impact on AI tokens from Uniswap's fee performance. However, the overall positive sentiment in the DeFi space, driven by Uniswap's success, could indirectly influence the market sentiment for AI-related cryptocurrencies. For instance, the AI token SingularityNET (AGIX) experienced a 2% increase in price on April 1, 2025, at 10:00 UTC, following the Uniswap news, as reported by CoinGecko. This correlation suggests that positive developments in the broader DeFi ecosystem can have a ripple effect on AI tokens, potentially creating trading opportunities for investors looking to capitalize on the AI-crypto crossover. Moreover, the trading volume of AGIX increased by 10% on the same day, reaching $15 million, indicating heightened interest in AI tokens in the wake of Uniswap's fee performance, according to data from CoinMarketCap. As AI-driven trading algorithms continue to gain traction, monitoring the volume changes in AI-related tokens could provide valuable insights into market trends and potential trading strategies.
Milk Road
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