Uniswap's weekly trade volumes reach record high of $10B
The decentralized exchange has been at the center of the yearlong DeFi explosion. Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, with cumulative transactions exceeding $10 billion amid the ongoing decentralized finance boom. CEO Hayden Adams tweeted the milestone on Tuesday with an accompanying chart showing a 25.7% weekly increase in volumes. If Uniswap manages to maintain its current pace, it will process over $500 billion worth of transactions in a year. @Uniswap weekly trading volume just passed $10b for the first time!!! $10b/week is over $0.5 trillion per....
Related News
Uniswap’s dominance over the Ethereum DEX sector continues to grow, with the exchange representing more than half of the sector’s combined weekly volume. The amount of collateral on decentralized exchanges is nearing a milestone high of $10 billion, with Uniswap still sitting at the top of the heap.Volumes and liquidity on decentralized exchanges have surged in 2021, with collateral approaching a milestone high of $10 billion, according to research by Messari.Researcher Rahul Rai noted that DEX volumes for February soared to a record $72 billion. Dappradar reports that Uniswap has over....
On Tuesday, the founder of the decentralized exchange (dex) Uniswap tweeted about the trading platform passing $10 billion in weekly trade volume for the first time. Decentralized trading volumes have grown massively, as dex platforms built on Ethereum have seen more than $18 billion in volume during the last week. Meanwhile, the dex Pancakeswap, an app that uses the Binance Smart Chain, has seen trade volumes skyrocket. Uniswap’s 7-Day Stats Capture $10 Billion in Global Trade Volume Decentralized finance (defi) has exploded during the last 12 months, as $58 billion in total value....
Daily trading volume on Uniswap surged by over 1,200% to a record $2.04 billion, surpassing the previous record high of $953.59 million registered on Sept. 1 by a big margin.
DEX trading volumes on Ethereum hit $63 billion in January, smashing the sector’s previous record of $28 billion. Ethereum-powered decentralized exchanges, or DEXes, continue to surge despite high transaction fees — with DEXes processing more than $120 billion in 2021 so far.According to Ethereum market analytics platform Dune Analytics, combined DEX volumes posted a new record of $63 billion in January. February's volume currently sits at $59 billion and is on track to hit $67 billion at the month’s end. DEXes have already processed more volume in the first two months of 2021 than during....
Both iterations of the world’s most popular DEX now generate more fee revenue than Bitcoin. The world’s largest decentralized exchange keeps growing and the newly-launched third iteration has now surpassed version two in terms of daily volumes.In addition to v3 topping the daily transaction volumes of v2, both have individually surpassed Bitcoin in terms of daily fee generation. The move was observed by Uniswap founder Hayden Adams who commented that both are earning more daily and weekly fees than Bitcoin miners.Data from Cryptofees showed that Uniswap v3, which was launched on May 5,....