The world’s most popular decentralized exchange by trading volume has announced that its total trading volume has passed a whopping $2 trillion.
In a post to the social media platform Uniswap UNI
-3.45%
ETH
-2.41%
Uniswap Labs too posted a link to a Dune Dashboard that tracks the protocol’s all-time trading volume. According to the dashboard, Uniswap’s trading volume in the last 24 hours was almost $2.9 billion.
Total trading volume of Uniswap. Image: Dune.
Unlike profit-driven, centralized exchanges like Coinbase, Kraken and Binance, Uniswap is a decentralized exchange and the protocol is open source. According to The Block Data Dashboard, Coinbase and Binance, both centralized exchanges, currently handle significantly higher trading volumes than Uniswap.
The Uniswap took place in February Foundation, which promotes the use of the Uniswap protocol, has proposed governance changes, including expanding the compensation mechanism to reward users who have delegated and staked their UNI tokens on the platform.
About the author
RT Watson is a senior reporter at The Block covering a wide range of topics including US-based companies, blockchain gaming and NFTs. Previously, he covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creative economy, while he mainly focused on technological disruption in the media. Previously, he reported on business, economic and political news in Brazil at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, workers, drug traffickers and convicted criminals. Obtained a master’s degree in digital sociology.
