Uniswap Hits $10B In Weekly Trade Volume; DEX’s Current Pace Would Be Half A Trillion-Dollars per Year
Leading decentralized exchange (DEX) Uniswap has hit a new milestone.
The weekly trading volume on Uniswap surpassed $10 billion for the first time ever. Daily volume, meanwhile, is $1.5 billion, which hit its all-time high at $2.2 billion in late October.
The latest milestone represents half a trillion-dollar volume every year.
“Uniswap weekly trading volume just passed $10b for the first time!!! $10b/week is over $0.5 trillion per year,” said Uniswap creator Hayden Adams.
The first time, Uniswap hit $1 billion in weekly volume was in early August in 2020, and ever since then, these numbers have only been going up. Much like volume, liquidity is ever-growing as well, keeping above $8 billion.
Uniswap currently has more than half of the market share at 51.7% in terms of volume, followed by Cuve at 18.6% and SushiSwap’s nearly 15%. CRV -3.64% Curve DAO Token / USD CRVUSD $ 3.50
-$0.13-3.64% Volume 470.26 m Change -$0.13 Open $3.50 Circulating 354.38 m Market Cap 1.24 b 4 min Sushiswap's SUSHI is the “Most Undervalued Token,” says Arca CIO Jeff Dorman 1 w Sushi Goes Live on Polygon (MATIC), Andre Cronje Proposes A Curve like Mechanism for it 3 w Uniswap Hits $10B In Weekly Trade Volume; DEX's Current Pace Would Be Half A Trillion-Dollars per Year SUSHI 12.20% SushiSwap / USD SUSHIUSD $ 17.91
$2.1912.20% Volume 1.35 b Change $2.19 Open $17.91 Circulating 127.24 m Market Cap 2.28 b 4 min Sushiswap's SUSHI is the “Most Undervalued Token,” says Arca CIO Jeff Dorman 4 d Tech Stocks Dragging Bitcoin, Ether, & Crypto's Down, But 'Fundamentals Still Strong' 4 d 1.5 Billion New DAI Minted in The Past Month, Maker Now Earning $400k per day in Revenue
Overall, $49 billion has been recorded by DEXs in monthly volume in April so far. In Q1, the best month was February, $76.7 billion monthly volume.
The token UNI, meanwhile, is a $17 billion crypto-asset trading above $32.
Earlier this week, eToro, which has 20 million registered users globally, added support for UNI and LINK on its trading network, bringing the total number of crypto assets available to trade on the platform at 18.
Doron Rosenblum VP of Business Solutions at eToro
“Now is the right time to be adding new cryptos to eToro. We have seen an explosion in retail investor appetite for the asset class and strong demand to invest across a greater range of tokens.”