Uniswap‘s Decentralized Exchange Surpasses $2 Trillion in Trading Volume, Just 5 Years In.
Uniswap, the leading decentralized exchange, has shattered records with its trading volume crossing a monumental threshold. As per Dune Analytics, the platform’s activity surged to an unprecedented level on April 5th, setting the stage for a new all-time high.
In anticipation of this milestone, the Uniswap team made a bold prediction – $2 trillion in trading volume within 24 hours. To add to the excitement, Uniswap Labs has announced a reward of 200 USD coins to the first person who can capture and share a video of the Dune Analytics dashboard showing the historic achievement.
Breaking records and dominating the DEX scene, Uniswap reigns supreme with a whopping 31.5% share of the trading volume, as reported by DefiLlama. Its closest rival, PancakeSwap, trails behind with a mere 14.6% market share. Looks like Uniswap is the undefeated champion of the decentralized exchange world.
Uniswap’s prized possession, the UNI token, suffered a blow in response to its latest milestone. In the last 24 hours, the coin has tumbled by 4.5%, now resting at $10.73. CoinMarketCap reports that the cryptocurrency’s market value has also taken a hit, dropping by a staggering $6.4 billion.
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A revolutionary incentive strategy has been unveiled for UNI token holders! Brace yourselves as the company plans to reward active participants in the protocol management process by distributing commissions from protocol transactions. However, don’t worry, the Uniswap Foundation will still retain control over crucial commission-related parameters.