# Uniswap’s weekly trade volumes reach record high of $10B
“# Uniswap’s weekly trade volumes reach record high of $10B ”
CEO Hayden Adams tweeted the milestone on Tuesday, with an accompanying chart showing a 25.7% weekly increase in volumes. If Uniswap managed to maintain its current pace, it would process over $500 billion worth of transactions in a year.
@Uniswap weekly trading volume just passed $10b for the first time!!!
$10b/week is over $0.5 trillion per year pic.twitter.com/ZibcDT9Zob
— Hayden Adams (@haydenzadams) April 20, 2021
Uniswap’s 24-hour trade volumes are estimated to be around $1.9 billion, according to Coingecko. PancakeSwap and Mdex each reportedly processed more than $3 billion worth of transactions over the same 24-hour period.
Uniswap is a popular platform for investors looking to access new and emerging DeFi projects and other so-called hidden crypto gems not yet available on major centralized exchanges like Coinbase, Kraken or even Binance. A retroactive airdrop of 400 UNI tokens has aided the platform’s appeal over the past six months. Those 400 tokens are now worth $12,000 based on UNI’s current price.
The decentralized exchange reached a major milestone in February 2021 when cumulative trade volumes first surpassed $100 billion. As Cointelegraph reported at the time, Uniswap’s dramatic growth since mid-2020 mirrored the first DeFi bull market.
Nearly $112 billion has been locked in DeFi projects, according to the latest industry data. Total value locked, or TVL, peaked above $123 billion last week before a sweeping market correction wiped out over $300 billion in cumulative crypto value.
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
For forums sites go to Forum.BuradaBiliyorum.Com
If you want to read more News articles, you can visit our General category.
