Uniswap's weekly trade volumes reach record high of $10B
April 20, 2021. Summarized by summa-bot.
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Uniswap's remarkable growth story continues with a new milestone on Tuesday.
1192 Total views 12 Total shares Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, with cumulative transactions exceeding $10 billion amid the ongoing DeFi boom.
If Uniswap managed to maintain its current pace, it would process over $500 billion worth of transactions in a year.
Uniswap’s 24-hour trade volumes are estimated to be around $1. 9 billion, according to Coingecko.
PancakeSwap and Mdex each reportedly processed more than $3 billion worth of transactions over the same 24-hour period.
Uniswap is a popular platform for investors looking to access new and emerging DeFi projects and other so-called hidden crypto gems not yet available on major centralized exchanges like Coinbase, Kraken or even Binance.
The decentralized exchange reached a major milestone in February 2021 when cumulative trade volumes first surpassed $100 billion.
As Cointelegraph reported at the time, Uniswap’s dramatic growth since mid-2020 mirrored the first DeFi bull market. Nearly $112 billion has been locked in DeFi projects, according to the latest industry data.