{"id":158528,"date":"2021-01-20T06:09:18","date_gmt":"2021-01-20T03:09:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/is-1-billion-a-day-in-volume-the-new-normal-for-uniswap\/"},"modified":"2021-01-20T06:09:18","modified_gmt":"2021-01-20T03:09:18","slug":"is-1-billion-a-day-in-volume-the-new-normal-for-uniswap","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/is-1-billion-a-day-in-volume-the-new-normal-for-uniswap\/","title":{"rendered":"# Is $1 billion a day in volume the ‘new normal’ for Uniswap?"},"content":{"rendered":"

“# Is $1 billion a day in volume the ‘new normal’ for Uniswap? <\/strong>”
\n<\/p>\n

Leading decentralized exchange, or DEX, platform Uniswap continues to lead the sector as it nears an average of $1 billion a day trading volume for the month of January.<\/p>\n

Only two-thirds of the way into the month and the platform has already surpassed the previous monthly trade volume record<\/a> of $15.3 billion set in September during the DeFi boom. The DEX passed $17 billion as of this morning and is on track to surpass $25 billion by the end of January with a daily average of $855 million. <\/p>\n

Uniswap traders are spoilt for choice with 1,558 coins<\/a> traded in more than 2,400 pairs, however the majority tend to favor less risky trades. Trading between stablecoins, such as USDC, Tether and DAI, against ETH, made up 45% of the $1.1 billion traded in the last 24 hours.<\/p>\n

On December 15, Uniswap founder Hayden Adams tweeted<\/a> that the platform had passed $50 billion in all-time trade volume and asked the community when it would hit $1 trillion. App<\/a>roximately 50% of respondents tipped this would occur in 2021. <\/p>\n

Currently sitting around $70 billion in all time trade volume, the DEX would need to average approximately $2.7 billion each day in order to hit $1 trillion by the end of the year.<\/p>\n

Uniswap strategy Lead Matteo Leibowitz is already claiming<\/a> $1 billion trading volume is here to stay:<\/p>\n

\u201c$1bn volume\/day is the new normal.\u201d<\/p><\/blockquote>\n

Adams compared this to the New York Stock Exchange, saying<\/a> \u201c2% of [NYSE] is the new normal for Uniswap. When 100%?\u201d<\/p>\n

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Uniswap is a legitimate business with $1 billion in daily volume, generating $30 million in daily revenue. <\/p>\n

All with next to $0 in operating costs, created with nothing but lines of code.<\/p>\n

Employees of uniswap are its liquidity providers <\/p>\n

This is unprecedented in society https:\/\/t.co\/zklYhny8wj<\/a><\/p>\n

\u2014 adambrush.eth (@brush_10) January 19, 2021<\/a><\/p><\/blockquote>\n