DeFi Giant Uniswap Taps 7 Rival Liquidity Sources to Burn UNI Tokens

The decentralized exchange (DEX) platform Uniswap has turned DEX competitors into potential revenue sources for its UNI token-burning mechanism. Launched Thursday, Aggregator Hooks connect seven external liquidity sources covering more than 90% of decentralized exchange activity across Ethereum, Base, and Robinhood Chain. The upgrade allows Uniswap to collect protocol fees from trades routed through outside liquidity pools, contributing to UNI burns. DeFi’s top DEX protocol by volume, Uniswap , has figured out how to collect fees from trades routed through competing DEX platforms, with the proceeds contributing to UNI token burns. On Oct.

Source: Bitcoin.com News