---
title: "Uniswap On-Chain Activity Surges Despite Speculation Over Fee Introduction: Data"
url: https://diffcoin.com/uniswap-on-chain-activity-surges-despite-speculation-over-fee-introduction-data/
description: "Uniswap's on-chain activity has rising amid a decline in UNI's price."
published: 2023-10-20
updated: 2023-10-20
author: "Mila"
site: "Diffcoin"
---

# Uniswap On-Chain Activity Surges Despite Speculation Over Fee Introduction: Data

The recent introduction of fees by Uniswap sparked speculation about a ‘sell the news’ reaction, a closer examination, however, offers a different perspective.

Despite a 5% decline in UNI’s price since the initial announcement, Uniswap’s on-chain activity has grown.

- According to the latest insight by Santiment, a noticeable disparity is observed in the diminishing UNI price and the increasing on-chain activity.
- The crypto analytic platform said that the negative MVRV suggests short-term UNI holders are perhaps feeling some pain.
- But Active Addresses and Network Growth are two metrics that have surged to levels not seen since July this year. Interestingly, this trend has been on the rise despite a downtrend on the price side of things.
- Uniswap Labs, the organization behind the decentralized crypto exchange, imposed a 0.15% fee starting Tuesday on trades involving ETH, USDC, and other tokens. Only swaps that execute through Uniswap Labs’ front end will be taxed.
- This fee differs from Uniswap’s current “protocol fee,” which is overseen by governance voters. Uniswap Labs is imposing this fee as part of its effort to sustainably fund its operations.
- According to Uniswap creator Hayden Adams, this interface fee will enable them to continue to research, develop, build, ship, improve, and expand crypto and DeFi.
- While the introduction of the fee has led many investors to dump the asset and create FUD, a hook enabling Know Your Customer (KYC) verification on the upcoming Uniswap v4 pools has [sparked](https://twitter.com/yourfriendSOMMI/status/1713184911698645320) discussions regarding the future of DeFi, despite it being an opt-in functionality.

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[Source link](https://cryptopotato.com/uniswap-on-chain-activity-surges-despite-speculation-over-fee-introduction-data/)