The decentralized exchange hit this lifetime cumulative trading volume mark on Tuesday, according to an announcement on Twitter from Uniswap Labs.
Uniswap team also revealed that as of July 2020, their trading volume has typically accounted for 70-80% of all Ethereum DEXs. This is also the time when the Uniswap V3 version came into stable operation, as well as its rival, SushiSwap, collapsed due to internal conflicts.
Meanwhile, compared to other DEX protocols, Uniswap’s trading volume in April also accounted for 42.48% of the market share, far ahead of its counterparts like PancakeSwap (17.21%), SushiSwap (5.47%), Astroport (5.24%), Curve (4.06%) and the rest (25.56%).
Uniswap’s daily trading volume is currently on par with Coinbase, America’s largest CEX exchange (about $1.7 billion/day), but still significantly lower than Binance (about $12 billion/day).
Despite all of Uniswap’s potential to attract strong demand and liquidity, it hasn’t done much to sway the price of its native asset Uniswap (UNI) in 2022. Since January, UNI has sunk 67% to sit at $5.59. UNI’s ATH of $44.92 was also back in early May 2021 and is down 87.5% since then.
Uniswap is promoting gender equality among the crypto community. Earlier this month, the exchange announced that the amount of women active on its platform is up to 50%.
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