Uniswap Becomes First DEX to Reach $3 Trillion in Volume
Uniswap has achieved a milestone as the first decentralized exchange to surpass $3 trillion in all-time volume. CEO Hayden Adams announced this on X, expressing gratitude to users for their contribution to decentralizing finance.
Key points include:
- Uniswap holds a 23% market share in daily DEX volumes with approximately $3 billion traded in the last 24 hours.
- The platform may be the first DEX to reach a $10 trillion volume threshold.
- $UNI, Uniswap's native token, increased by 39% recently and is trading around $7.
- Plans for a new native 7702 wallet will enable Externally Owned Accounts to function like smart contract wallets, simplifying transactions.
- The upcoming Pectra upgrade aims to facilitate one-click swaps, reducing complexities and costs of crypto trading.
The DeFi ecosystem continues expanding, indicating a strong future for decentralized finance.