30-day trading volume on Uniswap reaches $1.3 billion

The 30-day trading volume on the non-custodial exchange Uniswap has reached $1.3 billion. These observations were shared by Ethereum developer and Uniswap protocol creator Hayden Adams.

\n

\n

🦄 Every day I want to tweet about new @UniswapProtocol volume records but it’s climbing too fast to keep up

\n

🤯 $1.3B 30D volume ($15.6B annualized
\n🤯 $650M 7D volume ($34B annualized)
\n🤯 $150M 24hr volume ($54B annualized) pic.twitter.com/EgeBN1BniB

\n

— Hayden Adams 🦄 (@haydenzadams) July 27, 2020

\n

\n

“Every day I want to tweet about a new record volume on Uniswap, but the metric is growing too fast.
$1.3B turnover in 30 days ($15.6B annualized)
$650M in 7 days ($34B annualized)
$150M in 24 hours ($54B annualized)”

\n

According to his calculations, liquidity provider fees on a $54B annual turnover would amount to $162M.

\n

\n

If anyone is wondering the amount of liquidity provider fees from $54B in volume, its $162M

\n

— Hayden Adams 🦄 (@haydenzadams) July 27, 2020

\n

\n

According to data from Dune Analytics, the total trading volume on DEXs over the last 24 hours was $273M, for the week — $1.7B. The pace of growth over the last seven days stood at 109%.

\n

\n

Among decentralized exchanges, Uniswap leads by a wide margin over its nearest competitors Curve and dYdX.

\n

Earlier ForkLog reported that Uniswap accounts for more than a third of the DEX segment.

\n

Subscribe to ForkLog news on Facebook!