Maker

Arbitrum

Uniswap

Impact

Base

<img decoding="async" width="1600" height="800" src="https://coingape.com/wp-content/uploads/2024/04/6c096beb-6223-4e47-88a2-fb19091aee2d_uniswap-in-swissborg-app.jpg" class="attachment-full size-full wp-post-image" alt="Uniswap Volume" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/04/6c096beb-6223-4e47-88a2-fb19091aee2d_uniswap-in-swissborg-app.jpg 1600w, https://coingape.com/wp-content/uploads/2024/04/6c096beb-6223-4e47-88a2-fb19091aee2d_uniswap-in-swissborg-app-300x150.jpg 300w, https://coingape.com/wp-content/uploads/2024/04/6c096beb-6223-4e47-88a2-fb19091aee2d_uniswap-in-swissborg-app-1224x612.jpg 1224w, https://coingape.com/wp-content/uploads/2024/04/6c096beb-6223-4e47-88a2-fb19091aee2d_uniswap-in-swissborg-app-768x384.jpg 768w, https://coingape.com/wp-content/uploads/2024/04/6c096beb-6223-4e47-88a2-fb19091aee2d_uniswap-in-swissborg-app-1536x768.jpg 1536w, https://coingape.com/wp-content/uploads/2024/04/6c096beb-6223-4e47-88a2-fb19091aee2d_uniswap-in-swissborg-app-150x75.jpg 150w" sizes="(max-width: 1600px) 100vw, 1600px">
The transaction volume on Decentralized Exchange (DEX) and Automated Market Maker (AMM) Uniswap Layer-2 (L2) has hit a historic level pegged at $250 billion. 
<h2 id="strong-uniswap-l2-transaction-volume-hits-ath-strong">Uniswap L2 Transaction Volume Hits ATH</h2> 
This transaction volume figure shows a significant growth from the levels seen around this time in 2023 when the Uniswap L2 transaction volume was just a little over $70 billion.&nbsp; 
The data from crypto analytics platform Dune confirmed that Uniswap L2’s all-time protocol volume on Arbitrum, Polygon, Optimism, and Base has surpassed its previous All-Time-High (ATH). 
The protocol is optimistic that its next stop would be to hit $1 trillion in trading volume.&nbsp; 
By December last year, Uniswap L2’s volume had not even climbed to $200 billion, according to the chart. However, February came and volume went <a href="https://coingape.com/uniswap-l2-transaction-volume-hit-200b-ath-uni-price-reacts/">as high as $208.11 billion,</a> indicating a 280% increase year-over-year (YoY). The current transaction volume shows that Uniswap L2 has added another $40+ billion in the space of one month, a massive milestone for the protocol. 
Generally, L2s are exhibiting positive sentiments in terms of their user activities. Coingape reported that Coinbase L2 scaling solution <a href="https://coingape.com/coinbase-l2-base-outshines-arbitrum-in-transaction-count/">Base outperformed Arbitrum and Ethereum</a> in terms of the volume of daily transactions last week. 
<h2 id="strong-uniswap-uni-price-impact-strong">Uniswap (UNI) Price Impact</h2> 
The news of the increased Uniswap L2 transaction volume seems not to have had a positive impact on the price of the protocol’s native token.&nbsp; 
<a href="https://coingape.com/price/uniswap/">UNI</a> is currently displaying a negative sentiment as it is down by 5.32% and trading at $7.08. This price also indicates a major plunge considering that UNI rose to as high as $13.08 in February and later settled at $12.22 when its transaction volume rose to $208 million.&nbsp; 
Markedly, Uniswap whale activities are also contributing to the bear price outlook of UNI. A few days back, these whales <a href="https://coingape.com/uni-price-tanks-15-as-whales-dump-uniswap-on-fears-of-sec-lawsuit/">dumped $20 million worth of UNI</a>, triggering a 15% price dip for the token. Dumping UNI became an option for these big-fish investors after Uniswap was served a Wells Notice from the U.S. SEC on April 10. 
According to Lookonchain reports, three large holders offloaded a total of 2.03 million UNI tokens which was equivalent to $20 million at the time. The news of the surge in transaction volume may force an upward movement in UNI price soon. 
The post <a href="https://coingape.com/uniswap-uni-crosses-historic-250b-l2-volume-uni-to-rally/">Uniswap (UNI) Crosses Historic $250B L2 Volume, UNI To Rally?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Uniswap (UNI) Crosses Historic $250B L2 Volume, UNI To Rally?

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