Uniswap Shatters Records with Explosive Q3 Activity - $1 Trillion Cumulative Volume Milestone Reached
Uniswap just rewrote the DeFi rulebook - posting unprecedented growth numbers that leave traditional finance looking sluggish.
Record-Breaking Momentum
The decentralized exchange powerhouse hit staggering new heights last quarter, demonstrating how automated market makers are eating Wall Street's lunch. Volume surged past previous benchmarks as traders flocked to the protocol's non-custodial model.
$1 Trillion and Counting
That cumulative volume figure isn't just impressive - it's a declaration that decentralized trading has moved from niche experiment to mainstream force. While traditional exchanges grapple with settlement delays and intermediary fees, Uniswap's algorithm keeps churning through trades 24/7.
The protocol's growth trajectory mirrors crypto's broader adoption wave, proving that when you remove gatekeepers, liquidity flows freely. Traders clearly prefer the efficiency of smart contracts over the paperwork-heavy traditional system that still relies on fax machines for some settlements.
This milestone signals DeFi's coming of age - and makes traditional finance's 'innovation' efforts look like rearranging deck chairs on the Titanic.
Growing presence of Uniswap
Over the past week, decentralized exchanges (DEXs) executed trades worth $21 billion, with Uniswap capturing 71% of the share. Uniswap’s average trade value has also surged from the earlier level of $200 in January 2019 to as high as $24,000 in May 2022.
According to DeFiLlama data, Uniswap currently has a total value locked (TVL) of $5.61 billion. This figure is 56% up from November’s high of $10.46 billion, and nearly 90% of TVL is on Ethereum.
However, on the contrary, Uniswap’s native token UNI has collapsed by 82% ever since it peaked at $44.97 in May 2021. At the time of writing, the UNI token was trading at $8.14—according to data by CoinMarketCap.
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