The world’s most popular decentralized exchange by trading volume announced that its total trading volume has surpassed a whopping $2 trillion.
in post social Media Platform Uniswap UNI
+3.04%
Labs announced that the cumulative volume traded using its protocol has reached a historic record. Uniswap has been one of the most used DeFi applications in the world since its founding in 2018. Ethereum 
ETH
+1.48%
It is a blockchain and leading decentralized exchange (DEX) by trading volume.
Uniswap Labs also posted a link to the Dune dashboard, which tracks overall trading volume for the protocol. According to the dashboard, Uniswap trading volume reached nearly $2.9 billion in the last 24 hours.
Uniswap total trading volume. Image: Sand dunes.
Unlike profit-driven, centralized exchanges like Coinbase, Kraken, and Binance, Uniswap is a decentralized exchange and its protocol is open source. Centralized exchanges Coinbase and Binance are currently handling much higher trading volumes than Uniswap, according to Block Data Dashboard.
Uniswap in February The foundation, which promotes use of the Uniswap protocol, has proposed governance changes that include strengthening the fee mechanism to reward users who delegate and stake UNI tokens on the platform.
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About the author
RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal, writing about Disney, Netflix, Warner Bros. and the creator economy, focusing primarily on technological disruption across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a wide range of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.