The total trading volume on Uniswap exceeded $ 3 trillion

Uniswap has become the first decentralized exchange (DEX), whose total trading volume exceeded $ 3 trillion.

The founder of Uniswap Hayden Adams shared a new crypto -tank record in X (formerly Twitter). He expects that soon the volume of trading on the platform will reach $ 10 trillion.

Uniswap current indicators and UNI reaction

The cost of blocked assets (TVL) Uniswap is $ 5 billion, despite the impressive total trading volume. The current indicator of the TVL of a decentralized crypto -tank is half the peak value achieved in 2021.

The daily trading volume on Uniswap exceeds $ 3.3 billion. For comparison, the second largest DEX platform-Pancakeswap-processes about $ 2.7 billion. Adams venue retains leadership in the market share-it accounts for 23%.

Native token Uniswap – UNI – does not react to new ecosystem records. Over the past day, its price has increased by 0.4%. At the time of writing this material, the coin is traded at $ 7.09, which is 84% ​​lower than the historical maximum (ATH).

In early February of this year, Uniswap released the V4 version with the support of the multi -minute. The cost of creating pools decreased by almost 100%. The developers also added a native support to Ethereum (ETH). However, even this large -scale update practically did not affect UNI quotes.

The capitalization of the coin exceeds $ 4.46 billion. According to this indicator, the asset takes 29th place among the largest cryptocurrencies. The daily trading volume of UNI amounted to $ 325 million over the past 24 hours.

Simultaneously with the report on record volumes, Adams also announced the launch of the “smart wallet” of Uniswap. He will support the EIP-7702 standard. This protocol, developed with the participation of Vitalik Buterin, provides protection against quantum calculations and allows you to temporarily convert ordinary wallets into smart contracts to simplify transactions. A similar update recently presented Trust Wallet.

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Source: Cryptocurrency

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