Uniswap’s cumulative trading volume has surpassed the equivalent of $1 trillion since the DEX launched in 2018.
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
According to data from the project’s backers at Uniswap Labs, the number of protocol users has approached 3.9 million — more than 80% of all DeFi participants.
2/ Over the past three years, The Protocol has
🛹 Onboarded millions of users to the world of DeFi
💸 Introduced fair and permissionless trading
🚰 Lowered the barrier to liquidity provision pic.twitter.com/mT2ZzjMTav— Uniswap Labs 🦄 (@Uniswap) May 24, 2022
According to metrics Dune Analytics, the project remains the dominant player in trading volume among Ethereum DEXs. Over the last seven days its share was 84% ($9.09 billion); in April it was 76.2% ($51.4 billion).
When considering DEX trading activity across all networks (including all versions), Uniswap’s share is 41.3%, according to CoinGecko. The nearest competitor, PancakeSwap on BNB Chain, is 15.4%.
Compared with centralised platforms, Uniswap by daily trading volume of $1.05 billion would rank seventh behind Binance, FTX, Coinbase, KuCoin, Huobi Global and OKX. DEX figures were higher than Kraken, Crypto.com, Bitfinex and others.
According to DeFi Llama, TVL of the project stands at $5.9 billion. By this metric, Uniswap ranks fifth among all protocols and second among DEXs.
The decentralised exchange supports Ethereum, Polygon, Optimism and Arbitrum.
In April, Uniswap launched the Swap Widget service, which allows developers to integrate the project’s features into third-party dapps.
Earlier in the US, the company was accused of violating securities laws.
In August 2021, SEC Chair Gary Gensler warned of tighter regulation of DeFi and stressed that the decentralised nature of projects does not immunise them from the agency’s oversight.
In September he called DeFi platform users “vulnerable”. Gensler said the sector is “rife with fraud, scams and abuses”.
Subsequently, media reports emerged about SEC investigations into several sector companies, including Uniswap Labs.
In January 2022, Gensler said regulation for crypto exchanges was a priority for the year.
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