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Last time I've checked it was unusuable due the high trading fees. In theory it's great but in reality it's not really working.

Sargos 4y ago
As of this writing it is $2.39 to perform a swap on Ethereum Uniswap which isn't great but not too bad when compared to something like Coinbase. On L2s it's around 10 cents which I think most people would agree is acceptable. Fees from https://l2fees.info/ https://l2fees.info/
- cypress66 4y ago
  Just a reminder that L2s aren't decentralized yet, so don't put any serious money in L2s.
- themihai 4y ago
  I think it's less important how high are the fees right now. The fact tomorrow the fees could increase to $1000 makes the system unreliable for long term investments. The crypto payments for example had few real chances to become mainstrean but their limitations(high transaction fees, high congestion, low throughput) proved they are not practical.
m00dy 4y ago
well, trading fee is/was around 0.25%. So it is pretty much okay. I think you meant gas fees. That's fine, you can look for alternatives for that. I think as of now, every chain has uniswap equivalent. (So, running a dex is a profitable business). The only difference is that amount of liqudity and chain properties.( like security vs).
- mhluongo 4y ago
  Fees depend on the pool category in v3. They can go as low 0.05% for highly correlated assets
mhluongo 4y ago
"No one goes there anymore, it's too popular!" Yesterday over $2.1B in volume cleared on Uniswap [0]. It's certainly useable by someone. If you want cheaper fees, try it on Arbitrum or Optimism. [0] - https://info.uniswap.org/#/ https://info.uniswap.org/#/
- themihai 4y ago
  The "popularity" issue does not help a payments/transaction system. I believe in the long term it will die. A merchant that tried accepting crypto payments and found that in the busiest day its clients couldn't pay due the high transaction fees will abandon the crypto payments entirely and wont come back when they get cheaper. Of course the system may still be used for the types of transactions that cannot be easily replaced by mainstreem methods (crypto scams, fraud payments, pump/dump tokens etc) but I believe in the end it will die because the number of white sheeps will get thinner.
  - m00dy 4y ago
    but it is not a payment protocol. It is a trade protocol.
    - themihai 4y ago
      It's based on eth transaction protocol which failed both for payment systems("crypto payments") and trade systems(i.e majority of trade is on cex platforms)

Sargos 4y ago

As of this writing it is $2.39 to perform a swap on Ethereum Uniswap which isn't great but not too bad when compared to something like Coinbase. On L2s it's around 10 cents which I think most people would agree is acceptable. Fees from https://l2fees.info/ https://l2fees.info/

cypress66 4y ago
Just a reminder that L2s aren't decentralized yet, so don't put any serious money in L2s.
themihai 4y ago
I think it's less important how high are the fees right now. The fact tomorrow the fees could increase to $1000 makes the system unreliable for long term investments. The crypto payments for example had few real chances to become mainstrean but their limitations(high transaction fees, high congestion, low throughput) proved they are not practical.

m00dy 4y ago

well, trading fee is/was around 0.25%. So it is pretty much okay. I think you meant gas fees. That's fine, you can look for alternatives for that. I think as of now, every chain has uniswap equivalent. (So, running a dex is a profitable business). The only difference is that amount of liqudity and chain properties.( like security vs).

mhluongo 4y ago
Fees depend on the pool category in v3. They can go as low 0.05% for highly correlated assets

mhluongo 4y ago

"No one goes there anymore, it's too popular!" Yesterday over $2.1B in volume cleared on Uniswap [0]. It's certainly useable by someone. If you want cheaper fees, try it on Arbitrum or Optimism. [0] - https://info.uniswap.org/#/ https://info.uniswap.org/#/

themihai 4y ago
The "popularity" issue does not help a payments/transaction system. I believe in the long term it will die. A merchant that tried accepting crypto payments and found that in the busiest day its clients couldn't pay due the high transaction fees will abandon the crypto payments entirely and wont come back when they get cheaper. Of course the system may still be used for the types of transactions that cannot be easily replaced by mainstreem methods (crypto scams, fraud payments, pump/dump tokens etc) but I believe in the end it will die because the number of white sheeps will get thinner.
- m00dy 4y ago
  but it is not a payment protocol. It is a trade protocol.
  - themihai 4y ago
    It's based on eth transaction protocol which failed both for payment systems("crypto payments") and trade systems(i.e majority of trade is on cex platforms)