Uniswap surpasses $2 trillion in total trading volume
Key Takeaways
- Uniswap’s historical trading volume exceeds $2 trillion.
- The platform’s trading volume now exceeds the GDP of Australia, Brazil, and South Korea.
- Uniswap’s rapid growth highlights the growing adoption of decentralized finance.
Decentralized exchange (DEX) Uniswap achieved historic results. The all-time trading volume exceeded $2 trillion.
This was achieved around 11:55 AM UTC on April 5, less than six years after Uniswap launched in November 2018.
Did you know?
Do you want to become smarter and richer with cryptocurrency?
Subscribe – We post new cryptocurrency explainer videos every week!
It took UniSwap three and a half years to surpass $1 trillion in trading volume for the first time. However, as the speed increases significantly, Achieved $2 trillion in less than two years.
Current total trading volume on Uniswap It surpasses the gross domestic product (GDP) of economic powerhouses such as Brazil, Australia, and Korea. This comparison shows the large volume of transactions processed by DEXs and highlights their key role in global finance.
In addition to the celebrations, Uniswap Labs also announced: a unique initiative hopeful To the first individual who was able to capture and share a video showing $200 worth of USD Coin (USDC) trading volume crossing the $2 trillion mark. It engaged the community in a memorable way.
that Its dominance in the DEX market further highlights the exchange’s success. It leads the industry with $21.5 billion in trading volume last week alone, with its closest competitor, PancakeSwap, recording less than half that at $9.1 billion.
As Uniswap continues to set the benchmark for the DeFi industry, its trajectory provides valuable insight into the decentralized exchange’s potential to reshape financial markets.
In other DEX-related news, Ellipsis Labs, developer of Solana-based decentralized exchange Phoenix, has raised $20 million in Series A funding, with Paradigm leading the investment effort.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst with an interest in data-driven and fact-based content, as well as content targeting both Web3 native users and industry newcomers.
Aaron is our go-to guy for all things digital currency. With a huge passion for blockchain and Web3 education, Aaron is working to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been quoted in several popular media outlets and is a published author himself. In his spare time, he enjoys researching market trends and looking for the next supernova.
