Uniswap exceeds $1 trillion in swaps
Ethereum-based decentralised exchange Uniswap reached $1 trillion in trading volume three and a half years since its launch
By Shashank Bhardwaj
Uniswap, the premier decentralised exchange based on the Ethereum network, has reached a new milestone of handling over $1 trillion worth of crypto transactions since the exchange was launched in 2018, a report by The Block Research stated. The majority of the record-breaking trading volume occurred in the past year.
The New York-based software firm behind the popular DEX, Uniswap Labs, shared the news of the new milestone in a tweet on Tuesday. Uniswap has been active on the crypto scene since 2018 for nearly three and half years, but around 80 percent of the cumulative trading volume worth $791.8 billion occurred in 2021.
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