Hayden Adams, the founder of the decentralized exchange Uniswap, announced that Uniswap has become the first decentralized exchange with a trading volume of over $ 100 billion.
to the the report Cryptocurrency, Adams tweeted that Uniswap transactions exceeded $ 100 billion, making it the first decentralized exchange in the world to achieve this. He tweeted:
Uniswap has recently become the first decentralized trading platform with a trading volume of over $ 100 billion. This is an exciting achievement for DeFi.
This can be considered the logical consequence of the Defaye fever, which began in the summer of 2020. According to media reports, Uniswap has recorded a higher trading volume than Coin Bass on some days. Cial (CL), an anonymous trader on Twitter, wrote, referring to the Ethereum market value of less than $ 50 billion:
This is the second day in a row that the volume of Uniswap transactions is higher than Coin Base.
This month, several decentralized exchanges such as Curve, 1-inch and Balancer recorded higher trading volumes than large exchanges such as Cracken, Gemini and Beatstamp.
It is worth noting that the monthly trading volume of Uniswap reached $ 20 billion in January, which indicates a sharp growth in the field of defense. CoinGecko data also show that Uniswap trading volume yesterday was more than $ 1.14 billion.
DeFi Pulse data show that the current value locked in ion swaps is about $ 4 billion.
Although Uniswap is the biggest name in the field of defense, its competitors are increasingly reaching out to the platform. For example, trading volume on China Smart Bins (BSC) is rapidly overtaking Ethereum. Venus is one of the most successful projects in China. According to DappRadar, Venus recorded about $ 14 billion in transactions last month. Researchers at Diop Reader write:
Venus was China’s largest decentralized Bainance Smart app in January with a turnover of $ 14 billion. Venus tops China’s Bainance with $ 24 billion in transactions.
Venus’ daily trading volume exceeded $ 10 billion yesterday; An issue that marks the emergence of a serious competitor for similar projects.