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.
Also read: Uniswap Claims it Beats Larger Rivals Binance and Coinbase
The DEX has seen a $500 billion increase in trading volume since the fourth quarter of 2021, according to Uniswap data.
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.
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