Analysis: Last year, Uniswap generated nearly $1.3 billion in transaction and settlement fees on five chains including Ethereum and Base

Michael Nadeau, founder of The DeFi Report, wrote on X Platform that Uniswap generated nearly $1.3 billion in transaction and settlement fees on Ethereum, Base, Arbitrum, Polygon, and Optimism last year. These fees were not earned by the protocol and token holders, but 100% went to liquidity providers, Ethereum validators, MEV robots, and L2 sorters. But with the launch of Unichain later this year, all this will change.