Uniswap drops front-end fees as trading apps pull in $16M a month
- —Uniswap connected seven external liquidity sources to v4 across Ethereum, Base and one more network
- —Axiom generated $33 million in fees over 30 days, netting about $16 million
- —Phantom earned more than $7 million over the same period
- —Solana saw 6.85 million sandwich attacks worth $29.7 million from October 2025 to October 2026
Why it matters: Competition is shifting from DEX volume to control of the user-facing interface and order execution path, where most revenue now accrues.
Source: Blockmedia