DEX protocol Uniswap hits $1 trillion cumulative trading volume milestone
Since its first iteration went live in 2018, Uniswap has seen over $1 trillion in crypto be traded on the decentralized exchange (DEX) protocol. The DEX has seen a $500 billion increase in trading volume since the fourth quarter of 2021, according to Uniswap data.
Uniswap has dominated the decentralized exchange market since last year, in terms of trade volume, according to data compiled by The Block Research. In April, for instance, it had a 42.48% share of the market, followed by PancakeSwap (17.21%), SushiSwap (5.47%), Astroport (5.24%), Curve (4.06%) and all others (25.56% combined).