Uniswap, a decentralized exchange (DEX), achieved a remarkable milestone by surpassing $2 trillion in total trading volume, marking this achievement five and a half years after its launch in November 2018.
The milestone was reached around 11:55 am UTC on April 5, as reported by data from a Dune Analytics dashboard monitored by Uniswap’s strategy and operations lead, Zach Wong.
Anticipating the milestone, Uniswap Labs informed the community on April 4 at 6:00 pm UTC, predicting that the $2 trillion mark would be reached within 24 hours. To put this achievement into perspective, Uniswap’s trading volume exceeds the gross domestic product (GDP) of countries such as Australia, Brazil, and South Korea.
Image Source: Dune Analytics (All time trading volume of Uniswap)
In a lighthearted gesture, Uniswap Labs announced that they would transfer $200 in USD Coin (USDC) to the first person who records and sends a video clip of the Dune Analytics dashboard refreshing to show Uniswap’s trading volume crossing the $2 trillion threshold.
The trading volume data is aggregated from multiple blockchains that facilitate Uniswap transactions, encompassing Ethereum, Polygon, Optimism, Arbitrum, Celo, BNB Chain, Base, Blast, and the Avalanche Network.
Also Read: Uniswap Study: Layer 2 Networks Beat Ethereum for Swap Costs
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