Uniswap Surpasses $1 Trillion Lifetime Trading Volume Mark

Uniswap has amassed a customer base of over 3 million users in three years.

The popular decentralized exchange (DEX) on the Ethereum blockchain–Uniswap has announced a massive milestone. It took to Twitter to announce that Uniswap surpassed a lifetime trading volume of $1 trillion.

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

Within three years, Uniswap has impressively increased its market share among the DEX clan as well as captured a customer base of over 3 million users (nearing 4 million).

Uniswap leads the DEX market in terms of trade volume. Uniswap V3’s trading volume has exceeded $1 billion in the last 24 hours, according to CoinGecko.

The DEX has seen a $500 billion increase in trading volume since the fourth quarter of 2021, according to Uniswap data.

Also Read: Uniswap Claims it Beats Larger Rivals Binance and Coinbase

It accounts for approximately 34% market share by volume. While, Binance Smart Chain-based PancakeSwap (v2) is the runner-up, with $481 million and a 16% market share.

Subscribe to The Crypto Times for more DeFi updates!

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!