Uniswap, a decentralized exchange established in November 2018, has recently achieved a major milestone, with its trading volume exceeding $2 trillion after five and a half years.
According to Dune Analytics, Uniswap’s trading volume is now greater than the GDPs of Australia, Brazil, and South Korea.
This is because the exchange takes into account transactions with digital currencies on multiple blockchains including Ethereum, Polygon, Optimism, Arbitrum, Celo, BNB Chain, Base, Blast, and Avalanche.
Uniswap remains the largest decentralized exchange, with a weekly volume of $21.6 billion, while the second place is held by Pancakeswap with a weekly volume of $9.6 billion.
The top five decentralized exchanges also include Curve, Balancer, and Trader Joe, with trading volumes ranging from $1.8 billion to $800 million.
