The leading decentralized exchange, Uniswap, has yet achieved another milestone becoming the first decentralized protocol to surpass $2 trillion in all-time volume. Uniswap is the largest on-chain marketplace that allows users to trade Ethereum for other cryptocurrencies and vice versa and over 7 other chains.
It’s official: just passed $2T in all-time protocol volume
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— Uniswap Labs
Uniswap Reaches $2 Trillion in All-Time Volume, Driven by Rapid Adoption
According to Dune Analytics, the leading Crypto data platform, Uniswap’s all-time volume hits $2,000,002,099,397 in USD. That is a major turn of events for the leading decentralized finance platform. Its success has been highly attributed to the rapid adoption of the platform.
Furthermore, Uniswap has proved to be quite effective and easy to use. So before securing funds on the platform, traders feel at home and the enormous liquidity provided by the token has facilitated its growth. They have been able to support transactions on other blockchain platforms. As a result, they attracted billions of dollars in trading volumes as the token reached the $2 trillion milestone.
Decentralized Exchange Uniswap Shows Continued Strength with $2.87 Billion Daily Volume
The counter 24-hour volume stands at $2,873,869,703, which shows that Uniswap still has momentum in the market. As the countdown for the $2 trillion volume went, it is clear that Uniswap is a giant in the decentralized finance sector. In addition to all, it is involved in a few billion-dollar trades daily.
The $2 trillion volume is evidence that the decentralized exchanges are growing in the crypto space. Moreover, the exchange continues to offer services of token provision and liquidity provision.
