DeFi Boom! Total ETH Gas Fee Almost $7 Million for Uniswap

Data from EthGasStation shows decentralized exchange Uniswap as the place where users spent the most Ethereum (ETH) on gas fees over the last 30 days. Uniswap users spent a total of 17,700 ETH as gas to send their trades – the equivalent of $6.99 million spent on gas over the past month.

Tether (USDT) is in second place. People spent a combined total of $6.39 million in ETH as gas to transact on the popular stablecoin. Chainlink (LINK) is ranked eighth.

Uniswap has taken over the crypto world in recent weeks, Uniswap has helped spur the growth of Decentralized finance, or DeFi, in 2022 so far, giving speculators a place to take assets associated with the sector. Several DeFi assets have surged aggressively as part of a speculative season similar to the one seen in 2017. Ethereum gas prices have also increased in tandem with the action.

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