> Uniswap charges a flat fee to every trade for all user. Not flat. It’s a percentage of the trade value. > If you want objective data, Uniswap (and other on-

> Uniswap charges a flat fee to every trade for all user. Not flat. It’s a percentage of the trade value. > If you want objective data, Uniswap (and other on-chain exchanges) are truthful. Transaction costs limit on-chain exchange wash trading to some degree, but it doesn’t stop price manipulation. The on-chain aspect has an interesting issue in that during periods of high volatility the network itself gets both slower and more expensive, so an end user may not even get to execute a trade.