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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.
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๐Ÿš€Hold on to your crypto hats, folks! Hong Kong's Bitcoin ETFs have hit their first bump in the road since their launch on April 30th. The China Asset Management Bitcoin ETF experienced its first daily BTC outflows on Monday, while other Hong Kong-based products remained steady. ๐Ÿ“‰ Despite this, the three Bitcoin ETFs launched in Hong Kong last week have already amassed a whopping $262 million in assets under management (AUM) within their first week. However, this figure is somewhat dwarfed when compared to the billions that flowed into U.S. spot Bitcoin ETFs back in January. ๐Ÿค” Meanwhile, the world's first Hong Kong spot Ethereum ETFs didn't make a huge splash, with a combined $54.2 million in AUM and total inflows of $9.3 million as of May 6th. ๐ŸŒŠ Despite these figures, Bitcoin experienced a weekend surge, now trading close to $64,000, up from below $57,000 last week. ๐Ÿš€ Senior Bloomberg ETF analyst Eric Balchunas has advised investors not to expect substantial numbers in Hong Kong compared to the U.S. market. He explained that the $310 million AUM of the Hong Kong ETFs is equivalent to $50 billion in the U.S. market. Therefore, these ETFs are already as substantial in their local market as U.S. ones are in theirs. ๐ŸŒ However, the Hong Kong equities sector faces liquidity challenges due to slower economic growth in mainland China since 2022. In addition, these assets are currently inaccessible to mainland Chinese investors unless they also hold Hong Kong residency. This restriction could lead to lower transaction volumes for the ETFs than the United States. ๐Ÿšง So, while the road may be a bit bumpy, it seems the journey for Bitcoin and Ethereum ETFs in Hong Kong is just getting started! ๐Ÿš€๐ŸŒ™
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