Uniswap Founder Criticizes Token Launch Platforms' 2% Spread as Primary Revenue Tool

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On August 6, 2026, Uniswap founder Hayden Adams commented on the token launch news, criticizing certain platforms for employing a 1% liquidity pool fee that results in a 2% bid-ask spread. He stated that this approach increases trading costs and undermines liquidity efficiency as token supply expands. Adams highlighted Uniswap’s pools.trade, which uses a 0.25% fee combined with automatic reinvestment to enhance long-term liquidity. He added that new token listings on such models could encounter higher friction.

BlockBeats news, on August 6, Uniswap founder Hayden Adams, in response to community concerns, stated that the 1% pool fee used by some token launch platforms equates to approximately a 2% bid-ask spread, serving as their primary method of revenue extraction. This not only increases costs for traders but also renders initial liquidity pools inefficient as token supply expands.


He believes that Uniswap’s self-built pools.trade, with its 0.25% fee and automatic fee reinvestment, is more favorable for long-term liquidity, whereas LPs on issuance platforms typically come from zero-cost locked assets and do not face price risks requiring high fees as compensation.

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