Popular decentralized finance (DeFi) and altcoin platform Uniswap (UNI), announced today that it has exceeded $1 trillion in transaction volume since its launch.
Uniswap ranked first among decentralized exchanges (DEX) with $1 billion in trading volume in the last 24 hours, according to CoinGecko data.
Centralized Exchanges Instead of Decentralized Finance (DeFi) Continue to Be Preferred by Users
Binance, the largest centralized exchange, had a trading volume of about $15 billion in the same time frame. This is seen as a sign that investors continue to prefer centralized exchanges over DEXs.
But originally the world’s largest altcoin to Ethereum (ETH) As a connected project, Uniswap continues to expand its reach across the DeFi ecosystem. The platform’s next goals include launching the “Uniswap v3” protocol on Gnosis Chain and Moonbeam Network.
According to data from the DeFi platform, the stock market has experienced a $500 billion increase in trading volume since the last quarter of 2021.
UniSwap cryptocurrency In addition to brokering token trades, he recently launched the Web3 startup wing and appointed a new policy officer to comply with crypto regulation.
Founded as a small start-up by former Siemens AG employee Hayden Adams in November 2018, Uniswap has turned into a cryptocurrency giant in 2020 as the decentralized finance (DeFi) industry booms.
*Not investment advice.