Uniswap network fees are still pretty attractive and volumes are still comparable to large centralized exchanges, yet UNI price continues to grind lower. There will be some good value hunting opps in DeFi tokens over the next few months as all eyes turn back to bitcoin. Image Courtesy of John Todaro. If Bitcoin begins recapturing the dominance it has been ceding over the market as it. Liquidity provider fees. There is a 0.3% fee for swapping tokens. This fee is split by liquidity providers proportional to their contribution to liquidity reserves. Swapping fees are immediately deposited into liquidity reserves. This increases the value of liquidity tokens, functioning as a payout to all liquidity providers proportional to their share of the pool. Fees are collected by burning liquidity tokens to remove a proportional share of the underlying reserves Gas fee, network fee. Care to Explain? Close. 26. Posted by 4 days ago. Gas fee, network fee. Care to Explain? I'm trying to swap 50$ worth of ETH to PAINT, but it says it has $39.70 Gas fee. Is this really the cost of swapping crypto on uniswap, or is it impermenant? 47 comments. share. save. hide. report. 94% Upvoted. Log in or sign up to leave a comment Log In Sign Up. Sort by. best. level.
The decentralized exchange protocol Uniswap has overtaken the Bitcoin network in terms of fees charged. This increase has been driven by the steady rise in trading volume on the unicorn platform. Will there be an end to the DEX's appetite? In any case, Bitcoin is already bowing out Though the Uniswap platform has a 0.3% fee for trades, during peak times, it can go as high as $100 per trade. These nightmarish fees can make it difficult to turn a profit when trading with low amounts since transaction fees will cut into profit to be made Fees On The Ethereum Network. Source: YCharts. This increase is a direct consequence of the high number of pending transactions on the Ethereum network. Etherscan data reveals that there're over 150,000 such transactions as of writing these lines. Uniswap accounts for the largest share, with nearly $13 million (31,700 ETH) spent in the past. Uniswap Withdrawal fees. There are exchanges out there that charge low trading fees but then hit you on your way out with high withdrawal fees. Because once you're in, you can't get out without paying withdrawal fees. This exchange, however, is on the opposite side of the spectrum. They only charge the network fees when you execute a transaction. The global industry BTC-withdrawal fee is 0.000812 BTC per withdrawal. The network fees vary from day to day but are roughly 15-20% of the.
After I wrote How to Invest in Cryptocurrencies that can 100x, a friend reached out to me just to complain about how much he's losing out on Uniswap fees. With the recent traffic surge on. As with any Ethereum-based platform, fees are a major sticking point. Due to the increase in trading volume, Ethereum's network fees have become notably more expensive. This raises concerns, since if not addressed soon, many projects may become financially unviable. Uniswap is starting to become unusable with gas prices at 200+ gwei. The only. Uniswap fees, and Ethereum fees in general are way too high, the most common complaint is how expensive it is to trade at Uniswap - it's out of control. Unfortunately Uniswap is so popular it's leading to 24/7 high Ethereum network congestion - which means high gas fees, which is something you can do very little about Uniswap V3 has been unveiled — with the decentralized exchange vowing to implement a range of improvements in response to surging fees on the Ethereum blockchain. In a blog post, the platform said that a Layer 1 Ethereum mainnet launch is scheduled for May 5, with a Layer 2 deployment on Optimism due to follow soon afterward
This is the first time that it will surpass bitcoin in this metric and shows the growing problems of gas fees on the Ethereum network. Uniswap's Fees Exceed Bitcoin's. This latest development was highlighted by analytical platform Crypto Fees, which ranks the crypto projects that generate the highest fees. We can see that over the last 24 hours, the two projects that have generated the. Uniswap V3 will be deployed on the Ethereum and Optimism network in May. The next iteration is designed to allow more capital efficiency and flexible transaction fees. On Tuesday, the development team behind the popular decentralized exchange (DEX), Uniswap , presented an overview of the next iteration of the exchange Gas fees are independent of the tx value. All that matters is the complexity (gas) and gas price chosen. Swapping $100 or $100 million would have the same gas cost. This is true of any transaction on the Ethereum network (and to my knowledge all blockchains). Separate from gas fees uniswap charges 0.3% Inflated Ethereum prices and network congestion resulted in hours worth of delays and up to $50 fees in claiming and selling the 'free' tokens; Uniswap surprised the crypto world today with a 400 UNI token airdrop to anyone who used the exchange before September 1, but the offer has quickly been beset by high gas fees and prolonged transaction times. This has led to the Uniswap airdrop. According to gas tracker on Etherscan the average gas price is 212 gwei and the average Uniswap swap estimate is $70.26 which implies that the gas fee is around 201101. To my knowledge swap gas fee is 21000 or so. What other operations are associated with a Uniswap swap that burn the extra gas
Uniswap. When you use Uniswap, you will see an interface like this: How to use Uniswap (Slippage) Note both the Slippage Tolerance and the Price Impact settings. With Slippage Tolerance, you can set the maximum % of price movement you can live with. Anything above that and your order will fail to execute. The default for Uniswap is 0.5%, but you can set it to any % you want. Price impact gives. The Ethereum network requires gas to execute transactions. When you send tokens, interact with a contract, send ETH, or do anything else on the blockchain, you must pay for that computation. That payment is calculated in gas, and gas is always paid in ETH. You are paying for the computation, regardless of whether your transaction succeeds or.
Changes to the protocol fee ; eth ENS; Uniswap Default List (tokens.uniswap.eth) UNI is not being distributed via a token sale, but rather the token will be distributed to network participants who participate in the network and supply liquidity to eligible markets on Uniswap. What is Uniswap Mining on CoinList? Through Uniswap Mining on CoinList, users are able to earn the new UNI governance. UniSwap might not be first one, who introduced automated market maker in blockchain industry but as of now it is ruling decentralized finance trends. In future UNI token may end up by crossing $10 USD mark and those who hold enough account balance to receive 400 UNI Token will have $4000 USD in their wallet
On Uniswap protocol, Trust Wallet users can now save $7.17 from transaction fee alone by paying a transaction fee as low as $2.27 instead of $9.44 that is charged on Kyber Network Protocol. Please note, Trust Wallet does not charge any additional fees when you use the Trust Swap feature to make swaps on Uniswap Uniswap V3 will focus on solving the issues of high fees and slippage by conducting transactions on an Ethereum Layer 2 network Uniswap V3 could also bring a non-fungible token (NFT) feature Uniswap , the most popular decentralized exchange on Ethereum , has created a lot of hype at the beginning of this month as the crypto community was in high anticipation of a potential V3 upgrade announcement
The current transaction fee paid to the network's liquidity providers is 0.3% per trade. These funds are automatically sent to the liquidity pool, with liquidity providers able to redeem them at any time. These trading fees are distributed based on each liquidity provider's share of the pool. It is possible that a portion of trading fees may be dedicated to Uniswap development in the. Popular decentralized exchange Uniswap has surpassed Bitcoin in daily transaction fees generated on the platform. This is the first time that it will surpass bitcoin in this metric and shows the growing problems of gas fees on the Ethereum network. Uniswap's fees exceed Bitcoin's This latest development was highlighted by analytical platform Crypto Fees, which [
1inch has already integrated support for top DEXes like Uniswap, Kyber Network, Airswap, Oasis, and Bancor. As of April, 2020, 1inch is the clear leader accounting for up to 80% of the total volume from DEX aggregators, while a large number of the most liquid tokens are connected to 1inch via the liquidity pools of largest DEXes. Compare vs. Uniswap View Software. 3. BTCC. BTCC. The world's. The rush by Uniswap users to claim their tokens caused transaction fees on the Ethereum network to jump from a median fee of over USD 2.1 yesterday, to USD 3.6 as of press time on today (07:42 UTC), according to data from BitInfoCharts
Uniswap's UNI token launch has caused Ethereum's transaction fees to reach new highs. The total amount spent on miner fees reached $900,000 in less than an hour, with the median transaction fee increasing over 152%. Uniswap accounted for 35% of the total gas consumption in the past 24 hours, pushing gas prices to as high as 700 gwei Uniswap runs on the Ethereum network. Sometimes, Ethereum gets congested, especially when there's a lot of Uniswap activity happening. This leads to high gas fees — sometimes $30 per transaction or more. However, when Ethereum gets congested, Coinbase will charge you for gas fees too. When it comes to gas, Uniswap and Coinbase are a wash Uniswap will use its Layer-2 integration on Optimism to lower transaction fees on its network, ensuring that average traders can access various DeFi services on their platform. The L2 solutions are based upon optimistic rollups. It basically relies on publishing the data on the blockchain and allowing a challenge period. All these would ensure that the transaction fee on Uniswap reduces. Quick video showing how to set gas fees using Metamask while making transactions through Radar Relay.Knowing tips on setting your gas fee can save you from s..
Your net worth as Uniswap LP: 11,111.11 USDC + 90 ETH (worth $27,999.9) = $39,111.01. Your net worth without LP: 10,000 USDC + 100 ETH (worth $31,111) = $41,111 . As you can see, you would have been better off not adding liquidity to Uniswap. This happens when the price of one of the assets you provided increases very drastically compared to. The decentralized VPN network is adding its DPR token to Uniswap. Santa Clara, April 9 - Deeper Network, which is building the decentralized internet infrastructure for the Web 3.0, has announced that it will launch its DPR token on Uniswap following a successful IDO event in March.. The Uniswap listing will occur on April 10th, at midnight UTC time With Uniswap running on the second-largest blockchain, gas fees have been exponentially rising. The problem is even bigger for Uniswap users who can only trade small amounts, as the gas costs would eat into their profits. By using a scalable network like BSC, PancakeSwap is able to offer dramatically lower transaction costs
Find Uniswap (UNI) price charts and information here. Get up-to-the-minute UNI price quotes, trade volume, market cap and more at Kraken Ethereum Surges Over 30% to Breach $1000, But High Gas Fee Makes Uniswap Unusable. Ethereum, the second-largest cryptocurrency by market cap rose by more than $400 on December 4th to record a new yearly high of above $1000 as its market cap breached the $100 billion mark in nearly three years as well. Bitcoin's astonishing bull rally might have taken away all the limelight, however, ETH. Uniswap's network is designed to facilitate the buying and selling of crypto assets in a way that mirrors a traditional exchange. It does this by maintaining smart contracts in which users can deposit crypto assets that can be programmatically accessed by traders. Uses who trade against assets in the pool pay a fee that is then distributed to all liquidity providers proportionally, based on. We have indicated that the ETH balance in the wallet you are using is not enough to cover the required gas fee that is paid to the blockchain miners in order to process your transaction. In order to proceed with your transaction, you will have to do one of the following: Transfer ETH from another wallet to the one you are using Uniswap, 1inch exchange, Balancer, 0x and more decentralized exchange reporting huge surge in number of trades. as DEX recently reached trillion-dollar market volume and it will continue to rise which may even beat centralized exchange as well. main reason behind this is simple is giving fully custody over investment and governance model that gives surety of token holder in deciding future.
Als, it is enforced in an immutable smart contract on the top Ethereum network. Basically, Uniswap is a decentralized protocol that stores a certain amount of ERC20 tokens. Now it works on the uniswap Version 2 and the PoC(proof-of-concept) mechanism. The following factors will describe the working of the uniswap clone script easily. Uniswap is a completely Defi-based decentralized exchange. For instance, Uniswap enables ERC-20 token swap, 0.3% trading fee, and other factors that may not go well with you. Therefore, these alternatives will help you. However, it can be confusing to make the right choice for the best swap protocol. This article will consider some of the significant DeFi swap protocols 2.Fees It is worth remembering that in order to trade on the exchange, it is necessary to pay gas fees . Since Uniswap is a decentralized exchange that operates on smart contracts, it is also necessary to consider that more gas may be required for some particular transactions, and therefore the platform fees may be higher than Ethereum's network fees Speaking on the Uniswap listing, Deeper Network CEO Russell Liu disclosed that the entire Deeper ecosystem was excited about the listing. He added that this was a major milestone for the decentralized VPN platform. Liu also disclosed that the listing on Uniswap will facilitate more awareness for the token. Therefore, making it possible for more people to hold the token which, in turn, will. The top network by daily fees is Ethereum with $16.5 million — which beats out the other 30 other networks tracked by CryptoFees combined. It appears Uniswap's dominance over Bitcoin may be short-lived, with Bitcoin beating out Uniswap for daily fees averaged over the past seven days by nearly 20% — with BTC pushing $4.15 million compared to Uniswap's $3.5 million
Mysterium joins uniswap as a liquidity provider. Find out how this reduces friction in onboarding new users into a dVPN However, the network has off-lately suffered from higher fees and slippage numbers. Uniswap CEO Hayden Adams hinted that they would release the V3 protocol in 2021 while working on the capital efficiency and slippage issues. In a tweet last month, Adams wrote: 2019: Uniswap V1 proved AMMs can compete with traditional exchanges; 2020: Uniswap V2 will prove AMMs can do things traditional. The world's top decentralized exchange, Uniswap, is presently vanquishing Bitcoin's daily fee generation by more than 50%.According to th SwapMatic on Matic Network. SwapMatic implements Uniswap v1 protocol on Matic Mainnet Network. Enjoy fast and affordable swaps in https://swapmatic.io. Background. SwapMatic is 100% decentralized service. Anyone. Can create exchanges; Add or remove liquidity; Receive 0.3% pool rewards (= the exchange fee) Leverage existing liquidity pool
UniMex is a Uniswap based DeFi protocol which facilitates the margin trading of native Uniswap assets. Start; About. UMX DGN. Tokenomics; Distribution; Roadmap; FAQ; UMX Whitepaper ; DGN Whitepaper; DeFi Product Suite. unimex.trade (live) degen.trade (soon) Tokenomics Token Ticker - UMX. 10000000. Total Token Supply. 50 % 5000000. Seed Offering + Initial Token Offering 0.0005 eth per token + 0. Uniswap is a DeFi protocol which allows for the exchange of tokens in a decentralised manner. While we are gearing up towards a listing on a tier one exchange in 2021, UniSwap remains a primary gateway into the MYST ecosystem on Ethereum. As mentioned before, impermanent losses can be counteracted by trading fees. UniSwap charges 0.3% for every. Uniswap is a DAPP only and it can't control the gas fee on Ethereum network. A swap consumes gas. Approval of a token before swap also consumes gas. Staying on Ethereum is also important as DeFi activity is mainly happening on Ethereum. Ethereum average gas fee over time from Etherscan. What will V3 offer? For an AMM based DEX, capital efficiency is very important. Uniswap has done a.
Any change to our Transfer Fee Schedule, including adjustments to any tiers or rates, will be emailed and/or posted no fewer than three calendar days before such changes are to take effect and no changes will be in effect for fewer than 30 calendar days, subject to any shorter period of time that may be required by applicable law or regulation About Vanilla Network Coin. Vanilla Network price today is $21.88 with a 24-hour trading volume of $126,233. VNLA price is down -21.0% in the last 24 hours. It has a circulating supply of 700 Thousand VNLA coins and a max supply of 846 Thousand. Uniswap (v2) is the current most active market trading it . The Ethereum (ETH) blockchain doesn't sleep, but people do - and this means that the time of day can be used to one's advantage to pay lower transaction fees. In order to save on gas prices, the best time is to submit our transaction is the early weekend morning Singapore time and the worst time is on Thursdays at around 8 PM [12 PM UTC] , Singapore time. High gas fees on the Ethereum network are making it nearly impossible for retail investors to interact with DeFi protocols but the same doesn't apply to whales. Since early 2020 the decentralized finance sector has been recieved a lot of attention due to its cutting-edge innovation and the lucrative high yield opportunities offered to cryptocurrency holders. Despite these features, this week. Because it can get confusing for those who are new to Secret Network, it's helpful to start out with some quick definitions: SCRT: the native coin of Secret Network, used for staking, governance, and network fees / gas.Just like ETH is necessary for interacting with Ethereum applications, you'll need SCRT to use applications on Secret Network
LTO Network is proposing to add more liquidity into the ETH/LTO liquidity pool on Uniswap (V2) & rewarding the liquidity providers.. What is Uniswap. Uniswap is a decentralized exchange(DEX) that allows users to directly swap ERC20 tokens without a third party. Rather than using the traditional order book model, Uniswap pools tokens into smart contracts and gives users the possibility to trade. No.1 DeFi aggregator with the most liquidity and the best rates on Ethereum and Binance Smart Chain, 1inch dApp is an entry point to the 1inch Network's tech
. DeFi Price Watch. By TeamMMG On Oct 21, 2020. Share. The Uniswap governance token has been seeing some immense turbulence in the time following the launch that took place just a few weeks ago. Upon listing on Uniswap, the token's price plunged to lows of $1.00 as a flurry of 400 UNI airdrop recipients cashed out their. Only yesterday, in fact, with the airdrop of the UNI token to all the addresses that interacted with the Uniswap platform, the gas reached 800 Gwei simply because people were busy making the token claim to move it and in some cases sell it. Coinbase lists DeFi tokens to compete with Uniswap Ethereum network fees have exploded again with the tens of thousands claiming their UNI tokens congesting the blockchain. Current network fees are nearing $20 per transaction again Step 5: Profit And there you go STEP 7: Preview the transaction, click on Network fee edit and select the network fee you're willing to pay click on save. STEP 8: Click on Confirm button
Use the Etherscan search bar and type in PAID Network click search. This should be what you see as your search results (Image 1): On the c olumn to the right, you will see a field marked as contract, this is the address you are looking for. Open up Uniswap, go to SWAPS, and click on the SELECT TOKEN icon. You will be prompted to input the token contract address, type in or. Uniswap has exploded across the crypto social media channels over the last 24 hrs with the introduction of its $UNI token and public airdrop to people who had used the platform since September 1st. Those users received an average of 400 $UNI which was worth over $3,400 dollars at the peak price today of $8.50 Yes, people do pay those high fees. That is the downside at the moment when it comes to the Ethereum network. Fees tend to go down when the market slows. Before buying on Uniswap, check to see if the token is on another exchange first. Usually cheaper if available on Binance
Lower fees: unlike Ethereum, fees on Fantom are a fraction of a cent. Faster transactions: transactions on Fantom are normally confirmed in less than 2 seconds; All the other characteristics of Uniswap stay exactly the same. fUNI is a decentralized exchange that uses AMM (automated market maker) instead of order books. Liquidity providers provide liquidity and are rewarded with a portion of the trading fees The amount of Free Uniswap that you get will depend on the number that you roll and paid out according to the payout table below. You can come back and play every hour to win additional Free Uniswap each time! You would also get 50% of what your referrals get from us as well It is a safe form, but requires payment of a fee on the Ethereum network, i.e. GAS. As a result, in addition to the network commission, the user has to pay a fee, which when the network is busy, can be even several dozen dollars. This made transactions of small amounts completely unprofitable, especially during the boom on the DEX exchanges. In technical terms, Uniswap uses price averaging. .5 million — which beats out the other 30 other networks tracked by CryptoFees combined. It appears Uniswap's dominance over Bitcoin may be short-lived, with Bitcoin beating out Uniswap for daily fees averaged over the past seven days by nearly 20% — with BTC pushing $4.15 million compared to Uniswap's $3.5 million. Image - cryptofees. With gas fees near all-time highs, retail users have been squeezed out of Uniswap along with all other Ethereum protocols in recent months, with individual transaction fees north of $70. The new updates were mostly focused on trade execution and capital efficiency, rather than reduced fees, as fees will ideally be reduced and stabilized by upcoming scaling solutions for the Ethereum network
Sometimes, the gas fee is as low as 1-5 gwei, and sometimes it is as high as 80-100 gwei. If the users pay a low gas fee, the transactions do not get executed. Uniswap is a DAPP only and it can't control the gas fee on Ethereum network. A swap consumes gas. Approval of a token before swap also consumes gas. Staying on Ethereum is also important as DeFi activity is mainly happening on Ethereum After the Uniswap v.2 upgrade, a new protocol fee was introduced that can be turned on or off via a community vote and essentially sends 0.05% of every 0.30% trading fee to a Uniswap fund to. Pi Network Price Prediction 2021, How to Mine PI Coin, Invitation Code, App Augur (REP) Coin Price Prediction 2020, 2021, 2025, 2030 Verge (XVG) Price Prediction 2020, 2021, 2025, 2030 Till $1 US
. Keeping in mind how active the Ethereum network is, this may be merely a sign of things to come. Uniswap Dominates the Charts. It is interesting to see how successful Uniswap is on the gas gees leaderboard. The project claims three of the. On a daily basis, the transaction fees on Uniswap average a total of $4.8 million, which exceeds the $ 3.14 Million recorded on the Bitcoin network. Uniswap (UNI) Price Analysis. Since March 18, Uniswap (UNI) has climbed to a new all-time high (ATH) of $36.80. After touching its all-time high, UNI encountered strong selling pressure. Th This is a first step in making the Ethereum network, which Uniswap is built on, more scalable. Until recently, Ethereum was prone to congestions and skyrocketing network fees. According to ethgasstation today, Uniswap V2 is the largest consumer of Ethereum gas fees. DeFi helped Ethereum grow in 2020. Now it is time for ETH to help DeFi grow. Competition. The launch of UNI is often said to be a. A few days later, UNI's price soared up to $8 while the airdropped amount could be exchanged for $3,200. There are a total of 1 billion UNI tokens in the network. Uniswap community members received 60% of all the UNI tokens. On the contrary, past users will receive 25% of this portion (equivalent to 15% of the total) Uniswap climbed on Wednesday after the leading decentralized exchange team released details on its major upcoming protocol upgrade. V3 Outlook. The latest published specifications showed that the Uniswap V3 update would improve gas fee issues on the network. Uniswap consumes a majority of gas fees on the Ethereum network. Data fetched by.
With secretSCRT, you can transact privately anywhere on Secret Network or interact with Secret DeFi applications! But by turning it into SCRT, you can pay for gas fees on Secret and also start staking. Currently staking yields for SCRT are between 30-35% annually - an extremely attractive opportunity . No more tokens can ever be minted, and so is now solely powered by Uniswap. The future for UniPower will be the flagship uniswap pool managed by a DAO system where the trading fees generated can be distributed or for token buybacks. 1,000,000. Fixed Supply. 0%. Team. As such, Uniswap V3 features multiple fee tiers, which enable liquidity providers to be properly compensated for varying degrees of risk within given parameters. Having chosen the past of capital efficiency, Uniswap V3 has three dynamic fee tiers per trading pair: 0.05%, 0.30%, and 1.00% Uniswap (UNI) is an Ethereum token that powers Uniswap, an automated liquidity provider that's designed to make it easy to exchange Ethereum (ERC-20) tokens. There is no orderbook or central facilitator on Uniswap. Instead, tokens are exchanged through liquidity pools that are defined by smart contracts
It will show the cost of your trade (from ETH to TLOS), the cost to carry out the trade on the Ethereum network (the gas fee), and the total cost (the cost of the swap plus the gas fee). If you are happy with the cost, simply click confirm, and the trade will be submitted to the Ethereum network. You will then see a 'pending' notification on Uniswap; once the transaction is carried out, this notification will change to say 'complete' But behind Uniswap V2 were fees from leading DeFi dApps like Balancer and Curve. Combined — and putting into consideration fees from gaming and other popular dApps launching from Ethereum, the network generated over $3.728 million in transaction fees On Sunday, March 28, trading fees generated by the decentralized exchange Uniswap reached $ 4.8 million, one and a half times the amount of fees paid on the Bitcoin network, according to Cryptofees.info. In seven days, the non-custodian trading platform lost to the first cryptocurrency blockchain - an average o
With the launch of staking platform 2.0 all tokens that have been collected in the form of a 1% fee on the total value of all transactions based on BSKT in the previous month will go to the redistribution pool. Then, this pool will be distributed throughout the whole month to all people who have staked tokens on the platform - proportionally. This process will be repeated monthly The ETH gas station reported that the usual transaction fee on the Ethereum network was 267 Gwei, the fast fee was 405 Gwei, and the trader's fee was 450 Gwei, sometimes reaching up to 700 Gwei. The Uniswap V2 Protocol is the number one ETH spend with 31.7 thousand ETH ($117 per transaction) spent in the last 30 days
Otherwise you won't be able to link with Uniswap. Click on the Metamask icon, if it's visible, and allow Metamask to access app.uniswap.org. Just make sure that you're on the correct site though. You want app.uniswap.org. Allow Uniswap access to Metamask via the notification box pop-up. If you don't see a pop-up, click the Metamask icon. Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies.Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.As of October 2020, Uniswap was estimated to be the largest decentralized exchange and. The token launch comes days after rival Sushiswap (SUSHI) looked to attract liquidity off Uniswap. Users rush to claim almost $1,500 in free UNI tokens. Uniswap minted 1 billion UNI tokens at genesis, with 15% or 150 million immediately made available to historical liquidity providers and SOCKS holders as of a September 1 snapshot Let's see a comparison of fees in this transaction: $1,240 in Ether on the Ethereum network, with $ 7.45 in fees. On Fusion Network, a transaction of 2112.99 FSN valued at $1,364, cost 0.000066FSN (around $ 0.000043). The numbers speak for themselves, and the user who made the transaction on the Fusion network paid around 100K times less than the Ethereum network user. The first transaction.