Uniswap (UNI) Achieves Historic Milestone with $391 Million in 24-hour Trading Volume
• Uniswap’s network has outpaced Bitcoin (BTC) and Cardano (ADA) in the volume of cryptocurrency traded during the past 24 hours.
• Uniswap has said that its achievement is primarily attributed to liquidity.
In a new twist of events, a bullish attitude is shown by the trading volume on Uniswap, which includes UNI among the select networks exhibiting optimism. Uniswap’s network has outpaced both Bitcoin (BTC) and Cardano (ADA) regarding the volume of cryptocurrency traded during the past 24 hours while being rated 24th in market capitalization among cryptocurrencies.
Uniswap (UNI) has solidified its position as the leading decentralized exchange (DEX) within the Web 3.0 ecosystem. According to recent data from GeckoTerminal, a crypto analytics platform, Uniswap V3 has experienced substantial growth in its 24-hour trading volume. The data reveals that the protocol has facilitated a total trading volume of $391 million, surpassing its closest competitor, Balancer V2, which has recorded a trading volume of $174 million.
The success of the Uniswap network becomes evident through the significant surge in trading volume witnessed over the past 24 hours. In contrast to the rest of the crypto market, which is experiencing a decline, Uniswap has been steadily approaching a 10% gain. According to reports, the Uniswap decentralized exchange has recently achieved a milestone of 200 million unique transactions, indicating a growing level of interest among market participants in the network.