So, has
@Uniswap's fee switch actually hurt LPs?
When most fee switches went live in late July, the concern was that LPs would withdraw, liquidity would move to competing venues and traders would receive worse prices.
So far, none of that has happened.
TVL across Uniswap’s largest chains has increased alongside the broader market. Execution has also continued to improve, with price impact falling across different trade sizes for native asset to stablecoin and stablecoin to stablecoin pairs. Together, these categories account for around 70% of Uniswap’s volume.
LPs have stayed, traders are getting better execution and Uniswap is finally earning protocol revenue.
A rare win, win, win.