#genius Hey bros, I crunched the numbers on the Genius fee bill today and uncovered a hidden tiered pricing structure. Officially, they advertise trading fees as low as 0.05, which sounds cheaper than most DEXs, but I went through my thirty transaction records and found that not a single one hit that rate. The lowest was 0.08 and the highest shot up to 0.15. I dug deeper and found out that the fees are tied to your 30-day trading volume; the more you trade, the lower the fee. Small retail traders can’t even touch the lowest tier $BTC .
What’s crazier is the way they calculate this volume. It counts the total transaction volume across all chains within Genius, but cross-chain trades get counted twice. If you buy coins from $SOL ana and move them to Ethereum to sell, both the buy and sell transactions are included in the volume. It makes the volume look huge, but the fees you end up paying also double. Essentially, to lower your fees, you first have to pay more in fees. This logic is giving me a headache.
I checked the specific fee tiers, and the lowest tier requires a monthly trading volume over one million bucks. For an average player, hitting even a hundred grand in a month is already pushing it, so you won’t benefit from the low rates. Plus, this fee structure only applies to spot trading; contract and presale token fees are charged separately and are way higher than spot. They’ve buried that info in fine print on their promotional page, and you can’t see it unless you zoom in.
What really grinds my gears is that “network fee,” which is charged separately from the trading fee. Every single transaction incurs this extra cost. I calculated twenty small transactions, and the network fee averaged around thirty percent of the total costs. So, on the surface, the trading fee looks like 0.05, but with the network fee, it’s actually close to 0.07, making it pricier than regular DEXs.
The official line is that the network fee covers the on-chain gas costs, but when you trade on Uniswap, the gas is paid separately. It’s all bundled together here to make it seem cheaper, but you’re not actually saving any cash. @GeniusOfficial $GENIUS
What’s crazier is the way they calculate this volume. It counts the total transaction volume across all chains within Genius, but cross-chain trades get counted twice. If you buy coins from $SOL ana and move them to Ethereum to sell, both the buy and sell transactions are included in the volume. It makes the volume look huge, but the fees you end up paying also double. Essentially, to lower your fees, you first have to pay more in fees. This logic is giving me a headache.
I checked the specific fee tiers, and the lowest tier requires a monthly trading volume over one million bucks. For an average player, hitting even a hundred grand in a month is already pushing it, so you won’t benefit from the low rates. Plus, this fee structure only applies to spot trading; contract and presale token fees are charged separately and are way higher than spot. They’ve buried that info in fine print on their promotional page, and you can’t see it unless you zoom in.
What really grinds my gears is that “network fee,” which is charged separately from the trading fee. Every single transaction incurs this extra cost. I calculated twenty small transactions, and the network fee averaged around thirty percent of the total costs. So, on the surface, the trading fee looks like 0.05, but with the network fee, it’s actually close to 0.07, making it pricier than regular DEXs.
The official line is that the network fee covers the on-chain gas costs, but when you trade on Uniswap, the gas is paid separately. It’s all bundled together here to make it seem cheaper, but you’re not actually saving any cash. @GeniusOfficial $GENIUS