Uniswap

Avalanche

Balancer

Decentralized exchange (DEX) Uniswap has surpassed $2 trillion in all-time trading volume, notching the milestone five and a half years after it launched in November 2018.
Uniswap reached the $2 trillion milestone at around 11:55 am UTC on April 5, <a href="https://dune.com/mud2monarch/countdown-to-two-trillion-united-states-dollars" target="_blank" rel="noopener nofollow">according</a> to data tracked by a Dune Analytics dashboard compiled by Uniswap's strategy and operations lead, Zach Wong.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/4eba2709-c314-4c3e-a0bd-9342e270e196.png" alt="" title="">
 <figcaption style="text-align: center;">
 Uniswap total trading volume, all-time chart. Source: Dune Analytics
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Uniswap Labs <a href="https://x.com/Uniswap/status/1775916064586518793" target="_blank" rel="noopener nofollow">notified</a> the community of the incoming milestone at 6:00 pm UTC on April 4, when it expected $2 trillion to be reached within&nbsp;24 hours.
For perspective, Uniswap’s $2 trillion in trading volume is <a href="https://www.worldometers.info/gdp/gdp-by-country/" target="_blank" rel="noopener nofollow">larger</a> than Australia, Brazil and South Korea’s gross domestic products — a measure of the market value of finished goods and services produced within an entire country.
For a bit of fun, Uniswap Labs also said it would transfer $200 in USD Coin (<a href="https://cointelegraph.com/usdc-price-index">USDC</a>)&nbsp;to the first person who records and sends the firm a video clip refreshing the Dune Analytics dashboard showing Uniswap’s trading volume tick over to $2 trillion.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/ad0bf749-de73-4e3f-9c67-af03352e0a3c.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/Uniswap/status/1775916064586518793" target="_blank" rel="noopener nofollow">Uniswap Labs</a>
 </figcaption>
</figure>
The trading volume figure is taken from the several blockchains that support Uniswap, which include Ethereum, Polygon, Optimism, Arbitrum, Celo, BNB Chain, Base, Blast and the Avalanche Network.
Related: <a href="https://cointelegraph.com/news/uniswap-uni-price-gains-50-after-fee-sharing-governance-proposal">Uniswap (UNI) price gains 50% after fee-sharing governance proposal</a>
Launched in November 2018, Uniswap took 42 months to breach the&nbsp;<a href="https://cointelegraph.com/news/uniswap-breaks-1t-in-volume-but-has-only-been-used-by-3-9m-addresses">$1 trillion milestone</a> in trading volume in May 2022.
It took less than 24 months to surpass the second trillion, despite facing increased competition in the DEX space. DEXs are mainly used to facilitate token swaps without an intermediary via smart contracts.
Cointelegraph reached out to Uniswap Labs but didn’t receive an immediate response.
Uniswap remains by far the largest DEX by trading volume, having amassed $21.6 billion over the last week alone, <a href="https://dune.com/hagaetc/dex-metrics" target="_blank" rel="noopener nofollow">according</a> to a Dune Analytics dashboard by one of the platform’s founders, Fredrik Haga. 
PancakeSwap — a fork of Uniswap — is second at $9.6 billion, while Curve, Balancer and Trader Joe round out the top five with volumes between $1.8 billion and $800 million.
Magazine: <a href="https://cointelegraph.com/magazine/phishing-crypto-erc-20-bait-scammers/">Ethereum’s ERC-20 design flaws are a crypto scammer’s best friend</a>

Uniswap tops $2T in trading volume, larger than Australia’s GDP

Cointelegraph

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