Uniswap trade volume tops $1 trillion

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Decentralized exchange Uniswap reported that trading volume on the platform reached a record high and exceeded $1 trillion.

According to Uniswap Labs on Twitter, they “never would have been able to achieve these results without the amazing community that continues to work alongside them.”

“We gave access to the world of decentralizedfinance to millions of people, provided them with a fair and completely non-custodial way to trade, and also lowered the barrier to providing liquidity,” the statement said.

Uniswap Labs also presented a chart,according to which about 80% of transactions of the total volume on all decentralized exchanges are carried out on the site. According to The Block Research, the platform is indeed the leader in trading volumes, but occupies only 42.48% of the market. In second place is DEX PancakeSwap (17.21%), and in third place is SushiSwap (5.47%).

Also, according to The Block Research, Unswap can easily compete in trading volumes with the American centralized exchange Coinbase, but the figure is still several times less than the volumes on Binance.

Let us remind you that in mid-April a residentThe American state of North Carolina, Nessa Risley, filed a lawsuit against Uniswap Labs and investors in the decentralized exchange Uniswap, accusing them of non-compliance with US securities laws.