DeFi
DeFi Trading Hub Uniswap Surpasses $1 Trillion in Lifetime Volume
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Popular decentralized finance (Challenge) Uniswap trading platform said As of Tuesday, it had processed $1 trillion in lifetime trading volume.
According to CoinGecko data, Uniswap ranks first among decentralized exchanges (DEX) in volume with $1 billion in transactions in the last 24 hours; The leading centralized exchange, Binance, recorded almost $15 billion during the same period. This is a sign that traders continue to prefer centralized exchanges over DEXs.
But Uniswap, originally a Ethereum project, continues to expand its reach across the DeFi ecosystem. It plans to then deploy “Uniswap v3” on Gnosis Chain and Moonbeam Network.
The DEX has seen a $500 billion increase in trading volume since the fourth quarter of 2021, according to Uniswap data.
Beyond facilitating crypto exchanges, Uniswap also recently spear A Internet 3 Ventures wing and operated a new head of politics as it attempts to navigate crypto regulation.
Uniswap did not respond to a request for comment at the time of publication.