Total trading volume on Uniswap decentralized exchange surpasses $1 trillion

In April, the platform's market share exceeded 42%

25.05.2022 - 10:10

560

2 min

What’s new? Since the launch of the first version of the decentralized exchange Uniswap in 2018, the total trading volume on the platform has exceeded $1 trillion. The company announced reaching that mark on its Twitter on May 24.

1/ It’s been one hell of a ride 🚀As of today, the Uniswap Protocol has passed a lifetime cumulative trading volume of $1 Trillion. pic.twitter.com/stFdMDgJPZ— Uniswap Labs 🦄 (@Uniswap) May 24, 2022

What is Uniswap's market share? According to The Block Research, Uniswap is the leader among decentralized exchanges in terms of the trading volume. For example, in April 2022, Uniswap had a market share of 42,48%, followed by PancakeSwap with a share of 17,21%, with SushiSwap in third place at 5,47%.

What happened before? Uniswap Labs conducted research that showed that the decentralized exchange Uniswap v3 had higher liquidity than the leading centralized exchanges Binance and Coinbase. The latest version of the exchange launched less than a year ago, allows traders to more profitably make large transactions with Ethereum trading pairs in any price range.

In April, Uniswap Labs launched a venture capital arm for Web 3.0 investments. The unit funds teams at various stages of development, from infrastructure creation to user applications.

Also in April, Uniswap Labs announced the launch of a crypto exchange widget for websites. The new tool is designed to help integrate the platform's features into any online resource.

Author: