Uniswap hits a historic $2 trillion in trading volume
Uniswap Labs announced trading volume for its protocol has surpassed $2 trillion. The most popular decentralized exchange, or DEX, in terms of trading volume, has continued to be one of Ethereum’s most dominant DeFi applications since being founded in 2018.
In a post to the social media platform X, Uniswap UNI -3.92% Labs announced that the cumulative trading volume transacted using its protocol had hit the historic mark. Since its founding in 2018, Uniswap has been one of the most used DeFi applications on the Ethereum ETH -2.82% blockchain and the leading decentralized exchange, or DEX, by trading volume.
Uniswap Labs also posted a link to a Dune Dashboard that tracks the protocol's all-time trading volume. In the last 24 hours, Uniswap trading volume was nearly $2.9 billion, according to the dashboard.
Uniswap total trading volume. Image: Dune.
Unlike profit-driven, centralized exchanges like Coinbase, Kraken and Binance, Uniswap is a decentralized exchange, and its protocol is open source. Coinbase and Binance, both centralized exchanges, currently handle trading volumes significantly higher than Uniswap, according to The Block Data Dashboard .
In February, the Uniswap Foundation, which promotes the use of the Uniswap protocol, proposed governance changes that included augmenting the fee mechanism to reward users who delegated and staked their UNI tokens on the platform.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs (GS.US) Refutes Four Rate Hikes: Inflation Overshoot Due to Temporary Factors, December Wrap-Up
Goldman Sachs research report indicates that the FOMC will skip interest rate hikes in October, with the final hike expected in December, bringing the terminal rate to 3.25%-3.5%. The 1.1% overshoot in core PCE can be explained by tariffs, energy, and AI factors. Tightening financial conditions is equivalent to only one rate hike, while market pricing in four hikes is overly hawkish.
AI bubble shows cracks: $20 billion sell-off, is it time to dump or buy the dip?
Tech stocks suffered a net sell-off of $20 billion, with financing costs rising by 120 basis points. Goldman Sachs warned of abnormal volatility, while JPMorgan pointed out credit transmission risks related to Nvidia. A buying window may appear in November.
Why does Anthropic urgently need an IPO? Private fundraising can't cover the 750 billion computing power bill
Anthropic, due to depleted private fundraising and a $750 billion commitment to computing power, is forced to turn to the public market. Despite facing losses and safety controversies, its November IPO is seen as a crucial turning point in the funding chain for the AI arms race.
Crypto prices
More
