DeFi· ★★★· neutral·

Ethereum fees top $56M the day after Binance hack

  • —Ethereum fees reached $44.25M on the hack day and $56.4M the next day
  • —Titan Builder collected $24.65M in fees over 24 hours
  • —Uniswap became the top venue with over $10M in fees
  • —ETH traded as high as $2,700 on Uniswap versus $2,223 on CEXs
Why it matters: The fee spike shows DeFi infrastructure held up through the largest hack on record and profited from arbitrage and liquidations.
Source: Cryptopolitan