Uniswap Labs collects fees from trades conducted through its interfaces.

Uniswap Labs, established by Hayden Adams in 2018, is a software development company that specializes in creating products for the Uniswap Protocol. This includes the development and maintenance of various applications like the Uniswap web app, a mobile wallet, and an NFT aggregator.

Uniswap Labs acts as a developer and maintainer of the Uniswap Protocol. The company functions independently from the decentralized governance of the protocol.

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Uniswap Labs

# Uniswap Labs Trading volume Methodology

## 1. Overview

The Uniswap Labs trading volume metric measures the total dollar value of trades that generated interface fees for Uniswap Labs. This metric is calculated by reverse-engineering trading volume from collected fees using known fee rates. The calculation captures volume from both traditional AMM swaps through universal router contracts and UniswapX Dutch auction orders across seven blockchain networks.

## 2. Data sources

- **UniswapX events**: Parsed `UniswapXDutchOrderReactor_Fill` events from Ethereum that indicate completed Dutch auction orders
- **Token transfers**: Token transfer events across Ethereum, Arbitrum, Avalanche, Base, BSC, Polygon, and Optimism tracking movements between router contracts and fee collector addresses
- **Transaction data**: Transaction records from all seven supported chains providing context and validation for fee collection events
- **External data**: End-of-day token price feeds for USD conversion and token metadata for decimal correction

## 3. Step-by-step calculation

### Component A: UniswapX dutch auction fee collection
- **Purpose**: Captures fees collected from UniswapX Dutch auction orders on Ethereum
- **Logic**: Identifies completed Dutch auction orders through `UniswapXDutchOrderReactor_Fill` events, then tracks token transfers to collector addresses (`0x37a8f295612602f2774d331e562be9e61b83a327`, `0x6460d14dbaeb27aefec8ebef85db35defa31c3b9`) within those same transactions. Only transactions from July 1, 2023 onward are included.
- **Key fields**: `block_timestamp` for timing, `transaction_hash` for linking events to transfers, `swapper` address for user identification, `value` for transfer amounts, and `token_address` for fee token identification

### Component B: Universal router swap fee collection  
- **Purpose**: Captures interface fees from traditional AMM swaps across multiple chains
- **Logic**: Tracks token transfers from universal router contract addresses to designated collector addresses across seven chains. Each chain has specific router addresses (universal router contracts) and collector addresses. Transfers are filtered to only include those between July 1, 2023 and December 25, 2025, when interface fees were discontinued per the UNIfication proposal.
- **Key fields**: `from_address` (router contracts), `to_address` (collector addresses), `value` (transfer amounts), `token_address` for fee tokens, and `block_timestamp` for timing

### Component C: Fee aggregation and filtering
- **Purpose**: Combines all fee sources and applies data quality filters
- **Logic**: Unions UniswapX and swap fee data, removes denylisted tokens (including specific dogeverse and trump tokens), and aggregates by day, chain, and token. Token amounts are converted to USD using end-of-day price feeds and corrected for token decimals.
- **Key fields**: Daily aggregated `fees` amounts in USD, `chain_id` for chain identification, `token_address` for fee token tracking

### Final aggregation
- **Combining components**: All fee sources are combined into a single daily aggregate per chain, with USD conversion applied uniformly across all fee types
- **Currency conversion**: Token amounts are converted to USD using end-of-day price feeds, with automatic decimal correction based on token metadata
- **Time aggregation**: Fees are aggregated to daily boundaries using timestamp truncation to day level
- **Final calculation**: Trading volume is calculated by dividing daily fees by the applicable fee rate. Before April 10, 2024, a fee rate of 0.15% (0.0015) is used. After April 10, 2024, a fee rate of 0.25% (0.0025) is used. The formula is: `trading_volume = fees / fee_rate`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value of spot trades executed on the exchange.

Uniswap Labs

Trading volume

Trading volume

Competitive landscape

Chain breakdown