Trading volume on the decentralized exchange (DEX) Uniswap over the past seven days reached $10.31 billion. The figure was up more than 27% from the previous period.
In February, Uniswap became the first among DEX to surpass the $100 billion trading volume mark.
According to CoinGecko, over the past 24 hours, trades on the platform totalled $1.71 billion. This is almost one-third of PancakeSwap’s figure, which operates on the Binance Smart Chain (BSC) — $4.7 billion.
Uniswap also trails in terms of the value locked, according to DeBank. The figure for the Ethereum-based platform stands at $9.5 billion, while PancakeSwap has $11 billion.
Earlier, on May 5, the launch of the third version of the protocol Uniswap is expected.