Uniswap trading volume surpasses $100 billion

Uniswap has become the first among decentralized exchanges to surpass $100 billion in trading volume. According to CoinGecko, over the past 24 hours the platform processed transactions worth more than $1.2 billion.

🦄 @Uniswap just became the first decentralized trading platform to process over $100b in volume — an exciting milestone for DeFi 🚀 pic.twitter.com/hUoM36aG6A

— Hayden Adams 🦄 (@haydenzadams) February 15, 2021

Two months ago, founder Hayden Adams reported that the exchange reached $50 billion in trading volume, when the monthly turnover stood at around $10 billion. According to Dune Analytics, in January the total turnover of decentralized exchanges stood at $61.6 billion.

Data: Dune Analytics.

As in December, Uniswap remains fifth in DeFi Pulse’s ranking by the value of assets locked on the exchange. The metric rose from $1.36 billion to $4.06 billion over two months.

Data: DeFi Pulse.

In September 2020, the project launched the governance token UNI, and on October 19 the first-ever Uniswap vote ended not reaching quorum. The discussion considered lowering the minimum threshold for submitting governance proposals.

On October 31, the initiative to conduct a new airdrop of 5 million UNI tokens also did not receive a sufficient number of votes.

On December 24, the third vote concluded, in which the proposed changes were approved for the first time. Users backed a grant programme for ecosystem development using UNI.

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