Uniswap trade volume tops $1 trillion

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Decentralized exchange Uniswap reported that trading volume on the platform reached a record high and exceeded $1 trillion.

According to statement Uniswap Labs on Twitter, they “never would have been able to achieve this without the amazing community that continues to work with them.”

“We have given access to the world of decentralized finance to millions of people, provided them with a fair and completely non-custodial way to trade, and also lowered the barrier to providing liquidity,” the message says.

Uniswap Labs also released a chart showing that the platform accounts for about 80% of transactions of the total volume on all decentralized exchanges. By data The Block Research, the site is indeed the leader in terms of trading volumes, but only occupies 42.48% of the market. In second place is DEX PancakeSwap (17.21%), and in third is SushiSwap (5.47%).

Also, according to The Block Research, Unswap may well compete in terms of trading volumes with the American centralized exchange Coinbase, but the figure is still several times less than the volumes on Binance.

In mid-April, Nessa Risley, a resident of the US state of North Carolina, sued Uniswap Labs and investors of the decentralized exchange Uniswap, accusing them of non-compliance with US securities laws.

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Source: Cryptocurrency

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