Uniswap Crosses $2 Trillion Trading Volume Milestone

Decentralized exchange Uniswap has surpassed $2 trillion in all-time trading volume, reaching the milestone five and a half years after its launch in November 2018. The trading volume surpassed the gross domestic products of Australia, Brazil, and South Korea.

Uniswap Surges Past $2 Trillion Trading Volume Milestone

New York City, April 5, 2023 - Uniswap, the leading decentralized exchange (DEX), has surpassed a staggering $2 trillion in cumulative trading volume, marking a remarkable achievement just over five and a half years since its inception in November 2018.

The milestone was reached at approximately 11:55 AM UTC today, according to data compiled by Dune Analytics and shared by Uniswap's Strategy and Operations Lead, Zach Wong. The exchange's unprecedented growth underscores its pivotal role in the burgeoning decentralized finance (DeFi) ecosystem.

Uniswap Labs, the company behind Uniswap, had previously alerted the community of the impending milestone at 6:00 PM UTC on April 4, predicting that $2 trillion would be reached within 24 hours.

"This milestone is a testament to the transformative power of decentralized finance," said Hayden Adams, CEO of Uniswap Labs. "Uniswap has empowered users to trade crypto assets seamlessly and securely, without the need for intermediaries."

Uniswap's $2 trillion trading volume surpasses the gross domestic products (GDPs) of several nations, including Australia, Brazil, and South Korea. This underscores the significant economic impact that DeFi is having on the global financial landscape.

"We're thrilled to have achieved this historic milestone and to continue building the future of finance," added Adams.

The trading volume figure encompasses multiple blockchains supported by Uniswap, including Ethereum, Polygon, Optimism, Arbitrum, Celo, BNB Chain, Base, Blast, and the Avalanche Network. This diversification highlights Uniswap's commitment to interoperability and expanding access to DeFi.

As a gesture of celebration, Uniswap Labs announced that it will distribute $200 in USD Coin (USDC) to a random set of users who have interacted with Uniswap on the Ethereum blockchain.

The $2 trillion milestone serves as a resounding affirmation of the growing adoption and maturity of the DeFi sector. Uniswap's continued success is a testament to its user-friendly platform, robust liquidity, and unwavering commitment to innovation.