Uniswap Surpasses $500B in Cumulative Trading Volume

2021-10-26 11:07

The world’s most popular decentralized exchange, Uniswap, has hit a milestone in terms of cumulative trading volume.

Uniswap Labs stated that its monthly cumulative volume has reached a milestone of half a trillion dollars since it launched in November 2018. In a tweet on Oct 25, it added that millions of users have had direct access to markets that they could “trust were operating in their best interests,” before adding:

These past three years have sent a clear message: users increasingly place enormous value in transparency, security, autonomy, and reliability.

According to the protocol’s own dashboard, Uniswap v3 has currently processed $1.3 billion in trade volume over the past 24 hours. The v2 protocol has handled $583 million in volume over the past 24 hours giving the DEX a total of almost $1.9 billion daily.  

DappRadar is reporting a total value locked for both v2 and v3 Uniswap at $9.5 billion, whereas Uniswap’s own figures are closer to $8.7 billion.  

Layer 2 gaining momentum

This year Uniswap has launched layer 2 versions on Optimism and Arbitrum as fees on Ethereum skyrocketed. Uniswap Labs stated that $2 billion of its total volume has been contributed by the Arbitrum and Optimism deployments, which are starting to see significant traction.

According to blockchain data provider Nomics, the current 24-hour volume on Uniswap v3 Arbitrum is $36.6 million. It surged to an all-time high of $82 million on Oct 18.

The Optimistic Ethereum L2 version of Uniswap v3 was around the same at $40 million on Oct 25 as reported by Nomics. Layer 2 transactions on these two protocols represent around 3% of the total daily volume on Uniswap at the moment.

As reported by BeInCrypto in August, Uniswap became the first DeFi platform to generate $1 billion in fees. According to CryptoFees, Uniswap is second only to Ethereum in terms of fees generated with $4.1 million reported for Oct 25.

This is not surprising considering the current price of an average token swap on the DEX costing a painful $55 according to Etherscan.

UNI price outlook

Uniswap’s governance token, UNI, is currently trading flat on the day at $26.54 according to CoinGecko. UNI prices are up 10% over the past fortnight and 35% over the past month.

UNI is still 41% down from its May 3 all-time high of $44.92, however.

In early September, the U.S. SEC launched a probe into the platform seeking more details on how it’s used.

The post Uniswap Surpasses $500B in Cumulative Trading Volume appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0064948 (-100%)

cumulative volume uniswap trading surpasses 500b terms

cumulative volume → Результатов: 21


Фото:

Ethereum and USDT Dominant as Stablecoin Transactional Volume Soars Past $1 Trillion in 2020

The cumulative transactional volume of all stablecoins across different blockchains have surpassed the $1 trillion mark in 2020 alone, The Block Research data on Dec 23 reveals. USDT and Ethereum Command Market Share Out of this, the USDT issued by Tether Limited is the most dominant with a market share of 73 percent followed byRead More

2020-12-27 18:00


Фото:

ChainLink Network Hits New Milestone Of Over $30 Billion In Cumulative Transaction Volume

The cumulative transaction on Chainlink has recorded a new all-time high transaction volume totaling $30 billion, following a resurgence of LINK Marines activity in the crypto market. This is according to data from Glassnode, which indicates that the Chainlink network has handled over $30 Billion in transaction volume following a steady rise since September 22. […]

2020-10-15 14:45


Stablecoins Flip ETH Volume, DeFi the Primary Motor

Stablecoins on Ethereum had a cumulative transfer volume greater than its native ETH in 2019. This point indicates larger trends at play that could change the broader crypto landscape.  The Advent of Stable Money in Crypto Data from Messari Research suggests ETH’s trailing 12 month transfer volume fell from approximately $430 billion to $150 billion […] The post Stablecoins Flip ETH Volume, DeFi the Primary Motor appeared first on Cryptocurrency News.

2020-1-30 12:56


Exchange Volumes on the Decline Since 2017 All-Time-Highs

As per data tracking service TokenAnalyst, exchange volumes have yet to recover to 2017 levels despite various media reports that early 2019 saw the highest amount of exchange-traded volume. According to Bloomberg, this is a signal of negative retail sentiment, however, the analysis is focused on unique addresses sending money into exchange, not cumulative inflow,Read MoreRead More.

2019-9-7 01:00