11 hours ago
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Key Takeaways
- Arc fees are not burning UNI yet.
- The vote covers Uniswap v2, v3 and v4.
- Uniswap handled $56 million in daily Arc volume.
- Only the protocol share could support burns.
- Several fee-contract addresses were still pending.
Arc gained Uniswap markets before gaining a UNI connection
Uniswap launched v2, v3, v4 and UniswapX on Circle’s Arc blockchain when the network went live on September 16. Traders could immediately access Uniswap through its web app, wallet and API.
The deployment expanded Uniswap’s distribution, but it did not make Arc trading economically relevant to UNI. Users do not need the token to swap assets, while the fees generated by those trades ordinarily go to liquidity providers.
Arc was one of the developments surrounding UNI’s September 18 breakout, but its launch did not require traders to buy the token. The Read Entire Article
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