Uniswap, the current largest decentralized exchange by trading volume has overtaken Tether’s USDT stablecoin as the largest gas spender on the Etheruem network.
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According to ETHGasStation data, DeFi top exchange, Uniswap has surpassed Tether as the largest gas spender on Ethereum network generating $6.99 million worth of gas over the last 30 days.
The data which was shared late last week shows that Uniswap generated $6.99 million in gas compared to USDT’s $6.39 million.
Uniswap is at the fore-front of DeFi trades providing access to liquid pools leveraging automated market markers (AMM) to process traders with a 0.3% fee charge which is distributed across all liquidity providers attached to the Uniswap DEX.
Uniswap is currently the largest DEX trading platform by trading volume covering around 55% of the trading volumes across DEX platforms.