{"id":178902,"date":"2021-02-15T22:31:22","date_gmt":"2021-02-15T19:31:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uniswap-reaches-100b-in-cumulative-volume-amid-defi-explosion\/"},"modified":"2021-02-15T22:31:22","modified_gmt":"2021-02-15T19:31:22","slug":"uniswap-reaches-100b-in-cumulative-volume-amid-defi-explosion","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uniswap-reaches-100b-in-cumulative-volume-amid-defi-explosion\/","title":{"rendered":"# Uniswap reaches $100B in cumulative volume amid DeFi explosion"},"content":{"rendered":"<p>&#8220;<strong># Uniswap reaches $100B in cumulative volume amid DeFi explosion  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNjI0OWIxODUtN2U1ZS00YzA0LWFiNTItZTlkOTU0MmFmYzRlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Uniswap\u2019s decentralized exchange reached a major milestone on Monday, as cumulative trade volumes surpassed $100 billion in the wake of the DeFi boom.\u00a0<\/p>\n<p>Hayden Adams, Uniswap\u2019s CEO, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/haydenzadams\/status\/1361356927226310668\">tweeted<\/a> Monday that his platform became the first decentralized exchange to process over $100 billion in transactions. Using data from Dune Analytics, Adams shows cumulative volumes of $101.5 billion as of Feb. 15. The chart highlights Uniswap\u2019s dramatic growth since mid-2020 when the first DeFi bull market began. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Uniswap?ref_src=twsrc%5Etfw\">@Uniswap<\/a> just became the first decentralized trading platform to process over $100b in volume &#8211; an exciting milestone for DeFi  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/hUoM36aG6A\">pic.twitter.com\/hUoM36aG6A<\/a><\/p>\n<p>\u2014 Hayden Adams  (@haydenzadams) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/haydenzadams\/status\/1361356927226310668?ref_src=twsrc%5Etfw\">February 15, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Uniswap processed over $1.2 billion worth of transactions in the last 24 hours, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/exchanges\">according<\/a> to Coingecko, placing it among the largest exchanges for cryptocurrency trading. <\/p>\n<p>Decentralized exchanges, also referred to as DEXs, have seen their volumes grow considerably over the past eight months. They now <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/messari.io\/article\/dexs-threaten-centralized-exchange-dominance-as-share-of-total-volumes-exceed-5\">threaten<\/a> centralized-exchange dominance due to the rapid uptake of DeFi governance tokens.<\/p>\n<p>The upsurge in trading activity has come at a cost, though. As Ethereum-based DEXs and on-chain transactions continue to grow, so too are the transaction fees. Cointelegraph recently reported that transactions on Uniswap can cost over $100 during peak overload periods. <\/p>\n<p>Uniswap has emerged as a critical piece of the DeFi sector thanks to its first-mover advantage and ability to accommodate new token projects. In late 2020, the exchange airdropped 400 UNI tokens to users that had previously contributed to its liquidity. At the time of the airdrop, the 400 UNI were worth around $3,500. The tokens are now worth a combined $8,400.<\/p>\n<p>More than $57.6 billion has been locked into DeFi protocols, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/home\">according<\/a> to the latest industry data. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/uniswap-reaches-100b-in-cumulative-volume-amid-defi-explosion\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Uniswap reaches $100B in cumulative volume amid DeFi explosion &#8221; Uniswap\u2019s decentralized exchange reached a major milestone on Monday, as cumulative trade volumes surpassed $100 billion in the wake of the DeFi boom.\u00a0 Hayden Adams, Uniswap\u2019s CEO, tweeted Monday that his platform became the first decentralized exchange to process over $100 billion in transactions&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":178903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNjI0OWIxODUtN2U1ZS00YzA0LWFiNTItZTlkOTU0MmFmYzRlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74863,74877,75916,88700],"class_list":["post-178902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cryptocurrencies","tag-decentralized-exchange","tag-dex","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/178902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=178902"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/178902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/178903"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=178902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=178902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=178902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}