How Ethereum’s Uniswap Reached A Milestone Of $1 Trillion In Trading Volume

How Ethereum’s Uniswap Reached A Milestone Of $1 Trillion In Trading Volume
HeadlinesNewsHow Ethereum’s Uniswap Reached A Milestone Of $1 Trillion In Trading Volume

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How Ethereum’s Uniswap Reached A Milestone Of $1 Trillion In Trading Volume

NewsBTCa month ago
Published on May 24, 2022 18:00 GMT+00:00edited on May 25, 2022 17:59 GMT+00:00

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Popular decentralized exchange (DEX) platform on Ethereum, Uniswap, celebrates a major milestone. Via its official Twitter account, the team behind the protocol announced that it has processed $1 trillion in all-time trading volume.

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As seen below, this metric has been on an uptrend since September 2020. At that time, the protocol processed less than $10 billion in cumulative trading volume.

The $1 trillion milestone was reached in less than a year as Uniswap went processing around $250 billion in cumulative trading volume to $750 trillion in March 2022. The metric has been on the rise despite the current downtrend across global markets.

Source: Uniswap Labs via Twitter

The team behind Uniswap …