Uniswap exceeds the trade volume of $ 1.5 trillion: data

Uniswap exceeds the trade volume of $ 1.5 trillion: data

The cryptom market has improved significantly this year, but volatility continued. Despite this, uniswap managed to assert its dominance on the decentralized market.

In fact, it remains one of the largest decentralized stock exchanges in the ecosystem and has a total value of over $ 4 billion (TVL) across all blockchains.

Another milestone is that the protocol officially exceeded a trade volume of $ 1.5 trillion in April, the crypto company behind the defi trading platform, the noted Data from Dune Analytics.

The trade volume at uniswap has been increasing for some time. The regulatory passing in the USA and a banking crisis that led to the USDC stable from the bond triggered an influx of investors on decentralized stock exchanges in the first quarter of the year. This gave a large leg upwards uniswap as investors to the platform to exchange USDC for packaged ether and other tokens.

After a trade volume of $ 70 billion was recorded in March alone, uniswap has turned its centralized counterpart, coinbase, the second month in a row. While the platform recorded an increase in their trading volume in turbulent times, the previous tips were only brief. This indicated that the popular Dex may not last long.

But uniswap has also experienced an increase in transaction figures. The increased activity stands against the background of a “Memecoin rasory”, which was largely triggered by Pepe (Pepe), a new Memecoin that came onto the market last week and has been value since then. As a result, active users on uniswap have recently increased to almost 85,000 and thus marks a remarkable maximum since May 2021.

uniswap mobile wallet

The last increase only reaches a week later Uniswap announced the introduction of a mobile wallet application to promote wider acceptance of defi wallets and to support the trade on the go.

The new product range should enable users to buy crypto with a Fiat-on-ramp fee of 2.55 %. It also enabled users to exchange funds on popular defi platforms such as polygon, arbitrum and optimism.

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