🚀 Uniswap L2 trading volume exploded, hitting a new high of $38 billion!
Uniswap, the leading decentralized exchange (DEX), has set a new record with a staggering monthly trading volume of $38 billion on Ethereum's layer 2 solution (L2)! This figure is $4 billion higher than the previous high in March, which has attracted the attention of the entire community paying attention to the DeFi sector!
Among them, Arbitrum led the L2 trading frenzy with a monthly trading volume of $19.5 billion, and the Base network was not to be outdone, reaching $13 billion. Uniswap's growing activity on L2 may be due to the rising demand for assets and stablecoins in the DeFi field. These data include trading volumes on major L2 networks such as Base, Arbitrum, Polygon and Optimism.
In response, Arthur Cheong, founder of Defiance Capital, likened DeFi to the ongoing European Renaissance and emphasized its potential to redefine global finance. He believes that just as the European Renaissance marked the awakening of culture and knowledge, the DeFi movement is reshaping traditional finance using blockchain technology and smart contracts.
Cheong said that DeFi democratizes access to financial services, eliminates inefficiencies, and provides a trustless 24/7 financial ecosystem. At the same time, after overcoming the "trough of disillusionment", the industry is now entering a growth phase, driven by macroeconomic factors including infrastructure improvements, regulatory transparency, and falling interest rates.
In summary, with the improvement of user experience, security, and the emergence of emerging trends such as liquidity pledge and re-pledge, DeFi is gradually maturing and has the potential to become a scalable and efficient alternative to the traditional financial system. And this evolution is not only a trend, but also a major shift in the financial landscape.
💬 Do you agree with Cheong's point of view? Do you think DeFi can really change our financial world? Leave your thoughts in the comment area!
