Decentralized exchange Uniswap has seen more than $2 trillion in trading volume since its launch five and a half years ago.

Uniswap’s trading volume crossed a significant level on April 5, according to data from Dune Analytics.

Prior to setting the new record, the Uniswap team released a message stating that $2 trillion in trading volume would be achieved in 24 hours.

Uniswap Labs also said it would transfer 200 USD Coin (USDC) to the first person to record and send the company a video clip that updates the Dune Analytics dashboard showing that Uniswap’s trading volume has exceeded $2 trillion.

According to DefiLlama data, Uniswap ranks first in transaction volume among all decentralized exchanges (DEX), with a market share of 31.5%. Uniswap's closest competitor PancakeSwap has a market share of 14.6%, less than half of Uniswap.

Uniswap’s native token, UNI, reacted to the new achievement by falling. In the past 24 hours, the coin has fallen 4.5% to $10.73. The total market value of the cryptocurrency has also fallen by the same amount to $6.4 billion, according to CoinMarketCap.

In February this year, the Uniswap Foundation announced a new incentive strategy for UNI token holders. The company plans to distribute commissions generated by protocol transactions to UNI token holders who actively participate in the protocol management process. The Uniswap Foundation will continue to control key parameters related to commissions. #Uniswap  #交易量