Uniswap has achieved the $2 trillion trading volume milestone. The achievement, which marks a historical moment for the platform, is occurring five years and approximately six months after the platform's launch in November 2018.
The applaudable milestone was revealed in data compiled by Zach Wong, Uniswap's strategy and operations lead, and released by Dune Analytics. According to the publicized statistics, Uniswap achieved the $2 trillion milestone on April 5th at approximately 11:55 a.m. UTC.
Uniswap Announced A $200 Giveaway To Celebrate Its Achievement
Before the platform achieved this milestone, it had announced the impending milestone to investors and enthusiasts earlier in its community on April 4th at 6:00 p.m., noting that the expected timeframe to achieve this milestone was 24 hours.
The notice also promised $200 in USD Coin (USDC) to the first person to capture and submit a video clip refreshing the Dune Analysis dashboard displaying Uniswap's volume crossing the $2 trillion mark.
Uniswap Evolvement Over Its Five And Half Years Of Existence
Uniswap is a decentralized exchange (DEX) that operates on the Ethereum blockchain and allows users to enjoy automatic exchanges of digital assets on the Ethereum network via Smart contacts.
After gracing the Web3 space in November 2018, it took the exchange almost four years to hit $1 trillion in trading volume. Since then, Uniswap has experienced exponential growth that saw it attain an additional $1 trillion trading volume, to sum up its trading volume above $2 trillion in less than two years.
Per DEX platforms ranking statistics on DUNE, Uniswap is currently the largest trading platform, boasting a 7-day and 24-hour trading volume of $20,052,708,344 and $1,880,422,491, respectively.
Pancakeswap closely followed Uniswap in second place with a 24-hour and a 7-day trading volume of $1,128,933,314 and $8,969,423,435, respectively. Other DEX platforms in DUNE's top five rankings include Curve, Balancer, and Trader_joe, in third, fourth, and fifth place.
It is left to see how events unfold in the future; based on current standings, any of the exchanges highlighted above boasts proven potential to challenge for the top spot. However, Uniswap's resilience will determine how long it will continue to hold onto the title as one of the largest trading platforms.
