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Truebit Protocol Hack Triggers Record Uniswap Fees Amid a 100% TRU Dump

24d ago
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  • Uniswap’s daily fee revenue surged to $1.4M catalyzed by the Truebit Protocol hack.
  • Truebit Protocol lost 8.5K ETH (~$26.6M) in a hack, crashing the TRU price 100%.
  • The Uniswap DEX recorded around $1 trillion in trading volume last year, with the trend expected in 2026.

The Uniswap (UNI) daily fee revenue surged to a record $1.4 million, catalyzed by the Truebit Protocol (TRU) hack. The daily average trading activity for TRU surged by over 43% to $83k, according to market data from CoinMarketCap, thus contributing nearly 90% of Uniswap’s record fee revenue.

Uniswap Daily Revenue Spikes on Truebit Hack

According to onchain sleuths led by PerkShieldAlert, Truebit Protocol was attacked and 8.5K Ethereum (ETH), valued at around $26.6 million, was stolen from its liquidity pool. Following the attack, investors’ confidence in the Truebit Protocol crashed, leading to…

Read The Full Article Truebit Protocol Hack Triggers Record Uniswap Fees Amid a 100% TRU Dump On Coin Edition.

24d ago
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