Uniswap, three and a half years after its launch is now one of the top protocols in DeFi hitting $1 trillion in trading volume.
The Uniswap protocol has surpassed a lifetime cumulative trading volume of $1 trillion, despite its struggling token price.
The protocol was deployed on the mainnet in November 2018 and boasts a daily volume of more than $1.4 billion.
It is three times as much as that of its closest competitor, PancakeSwap, and 19 times more than that of the second biggest decentralized exchange, SushiSwap.
Since debuting on Ethereum in late 2018, Uniswap, the world’s largest Decentralized exchange (DEX) with a market valuation of $4 billion as of Tuesday, has handled a total trade volume of $1 trillion, despite its struggling token price.
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