Crypto News - Uniswap Strikes $10B In Weekly Trade Volume - Bitcoin News
Crypto News - Uniswap Strikes $10B In Weekly Trade Volume - Bitcoin News
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Uniswap Hits $10B In Weekly Trade Volume. DEX's Current Speed Would Be Half A Trillion-Dollars per Year!
Leading decentralized exchange (DEX) Uniswap has actually struck a brand-new turning point.
The weekly trading volume on Uniswap went beyond $10 billion for the first time ever. Daily volume, meanwhile, is $1.5 billion, which struck its all-time high at $2.2 billion in late October.
The current milestone represents half a trillion-dollar volume every year.
" Uniswap weekly trading volume simply passed $10b for the very first time!!! $10b/week is over $0.5 trillion per year," stated Uniswap developer Hayden Adams.
The very first time, Uniswap hit $1 billion in weekly volume was in early August in 2020, and ever since then, these numbers have only been increasing. Just like volume, liquidity is ever-growing also, keeping above $8 billion.
Uniswap currently has more than half of the market share at 51.7% in regards to volume, followed by Cuve at 18.6% and SushiSwap's almost 15%.
Overall, $49 billion has been tape-recorded by DEXs in regular monthly volume in April so far. In Q1, the very best month was February, $76.7 billion monthly volume.
The token UNI, on the other hand, is a $17 billion crypto-asset trading above $32.
Earlier this week, eToro, which has 20 million signed up users worldwide, included support for UNI and LINK on its trading network, bringing the total variety of crypto assets available to trade on the platform at 18.
" Now is the correct time to be adding brand-new cryptos to eToro", Doron Rosenblum, VP of Service Solutions at eToro, states. "We have seen an explosion in retail investor cravings for the asset class and strong demand to invest throughout a higher series of tokens."
Leading decentralized exchange (DEX) Uniswap has actually struck a brand-new turning point.
The weekly trading volume on Uniswap went beyond $10 billion for the first time ever. Daily volume, meanwhile, is $1.5 billion, which struck its all-time high at $2.2 billion in late October.
The current milestone represents half a trillion-dollar volume every year.
" Uniswap weekly trading volume simply passed $10b for the very first time!!! $10b/week is over $0.5 trillion per year," stated Uniswap developer Hayden Adams.
The very first time, Uniswap hit $1 billion in weekly volume was in early August in 2020, and ever since then, these numbers have only been increasing. Just like volume, liquidity is ever-growing also, keeping above $8 billion.
Uniswap currently has more than half of the market share at 51.7% in regards to volume, followed by Cuve at 18.6% and SushiSwap's almost 15%.
Overall, $49 billion has been tape-recorded by DEXs in regular monthly volume in April so far. In Q1, the very best month was February, $76.7 billion monthly volume.
The token UNI, on the other hand, is a $17 billion crypto-asset trading above $32.
Earlier this week, eToro, which has 20 million signed up users worldwide, included support for UNI and LINK on its trading network, bringing the total variety of crypto assets available to trade on the platform at 18.
" Now is the correct time to be adding brand-new cryptos to eToro", Doron Rosenblum, VP of Service Solutions at eToro, states. "We have seen an explosion in retail investor cravings for the asset class and strong demand to invest throughout a higher series of tokens."
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