This metric represents the cumulative value of transaction fees generated on the entire protocol as well as both Uniswap v2 and Uniswap v3, expressed in US Dollars. Fees are collected from traders as a percentage of the trade value. They are used to reward liquidity providers for contributing assets to the liquidity pools.

This metric serves as an indicator of the platform's overall trading activity and the potential returns for liquidity providers. A higher fee value reflects increased trading volume and engagement on the platform, signaling a more active and robust ecosystem.

To improve its accuracy, adjustments have been made by eliminating token reserves that showed signs of token price manipulation.