Binance Square
LIVE
LIVE
LONG BTC
--ใƒป1.1k views
๐ŸŽ‰ Pop the champagne, folks! Uniswap, the trailblazer of decentralized exchanges (DEX), has hit a whopping $2 trillion in all-time trading volume! ๐Ÿš€ This is a historic moment for the platform, just five and a half years after its launch in November 2018. The $2 trillion milestone was reached at approximately 11:55 a.m. UTC on April 5, according to data compiled by Uniswap's strategy and operations lead, Zach Wong. This includes transactions across various blockchains supporting Uniswap, such as Ethereum, Polygon, Optimism, Arbitrum, Celo, BNB Chain, Base, Blast, and the Avalanche Network. Uniswap's widespread adoption and compatibility across multiple networks have fueled its impressive growth. ๐Ÿ“ˆ Uniswap Labs had given the community a heads up about the impending milestone, announcing that $2 trillion was expected to be reached within 24 hours. Uniswap is a leading DEX that runs on the Ethereum blockchain, enabling automatic exchanges of digital assets on Ethereum through smart contracts. It took 42 months to reach the $1 trillion milestone in trading volume, achieved in May 2022. Since then, it has continued to expand its user base and trading activity, solidifying its position as the leading DEX in the market. In the past week alone, Uniswap recorded a $21.6 billion trading volume, leaving competitors like PancakeSwap, Curve, Balancer, and Trader Joe in the dust. So, here's to Uniswap, the unrivaled king of DEXs! ๐Ÿฅ‚

๐ŸŽ‰ Pop the champagne, folks! Uniswap, the trailblazer of decentralized exchanges (DEX), has hit a whopping $2 trillion in all-time trading volume! ๐Ÿš€ This is a historic moment for the platform, just five and a half years after its launch in November 2018.

The $2 trillion milestone was reached at approximately 11:55 a.m. UTC on April 5, according to data compiled by Uniswap's strategy and operations lead, Zach Wong. This includes transactions across various blockchains supporting Uniswap, such as Ethereum, Polygon, Optimism, Arbitrum, Celo, BNB Chain, Base, Blast, and the Avalanche Network.

Uniswap's widespread adoption and compatibility across multiple networks have fueled its impressive growth. ๐Ÿ“ˆ Uniswap Labs had given the community a heads up about the impending milestone, announcing that $2 trillion was expected to be reached within 24 hours.

Uniswap is a leading DEX that runs on the Ethereum blockchain, enabling automatic exchanges of digital assets on Ethereum through smart contracts. It took 42 months to reach the $1 trillion milestone in trading volume, achieved in May 2022. Since then, it has continued to expand its user base and trading activity, solidifying its position as the leading DEX in the market.

In the past week alone, Uniswap recorded a $21.6 billion trading volume, leaving competitors like PancakeSwap, Curve, Balancer, and Trader Joe in the dust. So, here's to Uniswap, the unrivaled king of DEXs! ๐Ÿฅ‚

Disclaimer: Includes third-party opinions. No financial advice.ย See T&Cs.
0
Relevant Creator
LIVE
@Square-Creator-4d9133520

Explore More From Creator

๐Ÿ”ฅHot off the press! CryptoQuant, a leading crypto market analytics platform, has shared some intriguing insights in its latest weekly report. The firm believes the impact of Bitcoin halvings on BTC's value is dwindling. ๐Ÿ˜ฎ Why, you ask? Well, the new issuance of BTC keeps shrinking compared to the amount being sold by long-term holders. This suggests that demand will be the key driver of prices post-halving. ๐Ÿš€ Let's dive deeper! ๐ŸŠโ€โ™‚๏ธ Bitcoin's monthly issuance has dropped to a mere 4% of the total BTC supply available. This is a stark contrast to the pre-halving periods when Bitcoin issuance represented 69%, 27%, and 10% of the available BTC supply. Here's another fun fact: Demand from permanent BTC holders has surpassed issuance for the first time ever! ๐ŸŽ‰ These investors are adding roughly 200,000 BTC to their balances monthly, a significant leap from the 28,000 BTC issuance. Post the Bitcoin halving on April 20, the monthly issuance will decline to approximately 14,000, leaving demand growth to drive BTC prices to higher levels. ๐Ÿ“ˆ In previous cycles, demand growth from large holders and whales fueled post-halving price rallies. With the current demand growth at its highest ever, around 11% month-on-month, it's clear that this factor has been the primary catalyst behind BTC surges. ๐Ÿณ However, it's not all sunshine and rainbows. ๐ŸŒˆ Analysts predict that selling pressure from OG BTC holders (those with coins 5+ years old) will increase after the halving. So, buckle up, BTC enthusiasts! The ride might get a bit bumpy post-halving, but the long-term outlook remains optimistic. ๐Ÿš€๐ŸŒ•
--
๐Ÿš€๐Ÿš€ Buckle up, BTC enthusiasts! The US Federal Bureau of Investigation (FBI) has reportedly issued a subpoena to gather personal information from attendees of a Bitcoin core developer event in 2022. This news came to light through Mike Schmidt, co-founder of Bitcoin non-profit Brink. The subpoena is tied to allegations made by BTC developer Luke Dashjr, who claimed the theft of over 200 BTC in a hack. ๐Ÿ•ต๏ธโ€โ™‚๏ธ๐Ÿ” ๐ŸŽฏ Caught in the crossfire were attendees of the October 2022 CoreDev Atlanta event. Schmidt, who received the subpoena, was advised by legal counsel to comply. The FBI wanted the first and last names, GitHub usernames, and email addresses of the attendees to probe Dashjrโ€™s allegation. Despite a confidentiality provision, Schmidt adhered to the demand. ๐Ÿ“๐Ÿ” Schmidt criticized Dashjr for failing to secure his own Bitcoin holdings and exposing conference attendees to FBI scrutiny. He sarcastically commented, "The guy who wants to tell you how to use Bitcoin couldnโ€™t even secure his own Bitcoin and, as a consequence, got everyone at a conference he attended doxxed by the FBI. Good job, Luke!โ€ ๐Ÿ˜’๐Ÿ‘Ž Dashjrโ€™s stolen funds, worth around $3.3 million at the time of the theft, would now be worth over $14 million due to market recovery and the subsequent price explosion. The theft occurred as a result of a Pretty Good Privacy (PGP) key compromise. ๐Ÿ“ˆ๐Ÿ’ฐ Stay tuned for more updates in the thrilling world of Bitcoin! ๐ŸŒ๐Ÿ’ซ
--
Sitemap
Cookie Preferences
Platform T&Cs