Token

Uniswap

when

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/uniswaps-layer-2-exchange-surges-to-new-trading-volume-record" rel="noopener noreferrer nofollow">Uniswap’s Layer-2 Exchange Surges to New Trading Volume Record</a><br></p>
<p style="text-align: justify">The Decentralized Exchange (DEX) Uniswap Layer-2 (L2) has reached a significant trading milestone, with a reported volume surpassing $200 billion in February 2024. This achievement marks a substantial climb from its previous year’s performance and indicates growing investor interest in the platform.</p>
<h2 id="surge-in-trading-activity">Surge in Trading Activity</h2>
<p style="text-align: justify">Uniswap L2 has seen its trading volume spike to $208.11 billion, as per the latest figures from <a href="https://en.bitcoinhaber.net/bullish-forecast-for-crypto-analysts-predict-market-boom-and-bitcoin-surge" rel="noopener noreferrer nofollow">cryptocurrency</a> analytics provider Dune. This volume, spread across networks like Arbitrum, Polygon, Optimism, and Base, represents a new peak for the platform. The increase is a notable jump from February 2023’s $75 billion cumulative volume, showcasing an impressive 280% growth year-over-year.</p>
<p style="text-align: justify">This surge underscores the rapid expansion of Uniswap L2’s market presence when contrasted with the $13.9 billion volume reported in February 2022. Coinciding with this trading volume high, the platform’s native token UNI has also seen a significant uptick in value.</p>
<h2 id="uni-token-gains-and-governance-developments">UNI Token Gains and Governance Developments</h2>
<p style="text-align: justify">Recent governance proposals from the Uniswap Foundation, which involve redistributing protocol fees to UNI token holders, have also sparked a positive reaction in the market. Since the introduction of the initiative, which is currently undergoing community voting, UNI’s price has climbed by 15%, breaching the $13.08 mark.</p>
<p style="text-align: justify">Despite a subsequent price correction, the UNI token maintains a 7% increase over the past day, trading at $12.61. The platform’s future, particularly with the anticipated launch of Uniswap V4 in the third quarter, continues to drive interest and activity within the ecosystem.</p>
<p style="text-align: justify">Furthermore, the upcoming release of Uniswap V4 is poised to introduce significant improvements to the platform, potentially impacting UNI’s value positively. The announcement of these developments has previously triggered a remarkable 70% price jump for UNI.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/uniswaps-layer-2-exchange-surges-to-new-trading-volume-record" rel="noopener noreferrer nofollow">Uniswap’s Layer-2 Exchange Surges to New Trading Volume Record</a></h5>

Uniswap’s Layer-2 Exchange Surges to New Trading Volume Record

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