the protocol surpasses $2 trillion in volume on Ethereum

The post the protocol surpasses $2 trillion in volume on Ethereum appeared on BitcoinEthereumNews.com. Uniswap, the leading DEX protocol in the DeFi world, has just surpassed the threshold of 2 trillion dollars in volume processed on the Ethereum blockchain. This is a significant milestone for Uniswap that further strengthens its position in the web3 world, in view of some new integrations and future upgrades. In the meantime, UNI, the governance token of the protocol, sees a new opportunity for appreciation in the crypto market. All the details below. The success of the Uniswap protocol on Ethereum: new record of volume generated In June 2022, Uniswap reached for the first time the milestone of $1 trillion in volume processed on Ethereum, just 4 years after the official launch of the protocol in 2018. Today the industry-leading platform DEX marks another milestone in its journey by surpassing the 2 trillion dollar mark in volume on the main L1. Uniswap itself shared on X the milestone achieved, highlighting the positive traction recorded in the crypto world in recent years. The metric was extracted directly from the analysis platform Dune. Reaching a similar trading volume means playing a fundamental role in the dynamics of decentralized trading. Outside of Ethereum, the Uniswap protocol is very present on the chains of Arbitrum, Polygon, Base, Optimism, BSC, and Avalanche. Consider that on Arbitrum, in just 1 year and 6 months since the mainnet launch of the layer-2 chain, Uniswap has managed to attract a volume of 180 billion dollars. Thanks to these numbers, the DEX protocol, in addition to becoming a point of reference for the web community, has managed to collect a large sum of fees. In total since its debut, Uniswap has earned nearly 3.5 billion dollars in fees on the Ethereum mainnet. According to the data from Token Terminal, the revenue of Uniswap Labs is around 62 million…

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Oct 22, 2024 - 15:00

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The post the protocol surpasses $2 trillion in volume on Ethereum appeared on BitcoinEthereumNews.com.

Uniswap, the leading DEX protocol in the DeFi world, has just surpassed the threshold of 2 trillion dollars in volume processed on the Ethereum blockchain. This is a significant milestone for Uniswap that further strengthens its position in the web3 world, in view of some new integrations and future upgrades. In the meantime, UNI, the governance token of the protocol, sees a new opportunity for appreciation in the crypto market. All the details below. The success of the Uniswap protocol on Ethereum: new record of volume generated In June 2022, Uniswap reached for the first time the milestone of $1 trillion in volume processed on Ethereum, just 4 years after the official launch of the protocol in 2018. Today the industry-leading platform DEX marks another milestone in its journey by surpassing the 2 trillion dollar mark in volume on the main L1. Uniswap itself shared on X the milestone achieved, highlighting the positive traction recorded in the crypto world in recent years. The metric was extracted directly from the analysis platform Dune. Reaching a similar trading volume means playing a fundamental role in the dynamics of decentralized trading. Outside of Ethereum, the Uniswap protocol is very present on the chains of Arbitrum, Polygon, Base, Optimism, BSC, and Avalanche. Consider that on Arbitrum, in just 1 year and 6 months since the mainnet launch of the layer-2 chain, Uniswap has managed to attract a volume of 180 billion dollars. Thanks to these numbers, the DEX protocol, in addition to becoming a point of reference for the web community, has managed to collect a large sum of fees. In total since its debut, Uniswap has earned nearly 3.5 billion dollars in fees on the Ethereum mainnet. According to the data from Token Terminal, the revenue of Uniswap Labs is around 62 million…

the protocol surpasses $2 trillion in volume on Ethereum

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