Uniswap Labs launches TJAR for onchain fee conversion
Key points
- Uniswap Labs has launched TJAR, allowing applications to consolidate onchain fees into a single chosen token.
- The system processed more than $15.3 million in conversions during September and now operates across seven chains.
- Robinhood is already using TJAR to receive fees in USDC and USDG through the Uniswap API.
Uniswap Labs has launched TJAR, an onchain fee-conversion system now available across seven blockchain networks.
The system allows applications to consolidate fees collected in different cryptocurrencies into one selected token.
TJAR replaces custom conversion infrastructure with an open market where searchers compete to convert deposited fees.
The framework previously handled more than $15.3 million in conversions during September through Uniswap Protocol fees.
Applications can select their preferred payment token, set conversion prices and direct proceeds to designated destinations.
Robinhood already uses TJAR across supported chains for fees collected through the Uniswap API, receiving USDC and USDG.
The permissionless system supports applications, protocol hooks, blockchain networks and API integrations that collect transaction fees.
Following the update, UNI was trading down 4.1% at $6.82.
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