Uniswap generated approximately $66.8 million in protocol fees over the past week, overtaking Circle to become the second-highest fee-generating crypto protocol after Tether. This growth is notably linked to Robinhood’s new Ethereum layer 2, which increased demand for on-chain trading. Meanwhile, Circle announced the acquisition of Singapore-based payments platform Tazapay for approximately $400 million in an all-stock deal. The transaction, expected to close in 2027 pending regulatory approvals, would allow Circle to extend its USDC network to over 100 markets through Tazapay’s local presence.
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