-Uniswap broke monthly Ethereum tier 2 volume records as fans of decentralized finance flooded the ecosystem once again.
According to Dune Analytics, Uniswap's volume reached a record 3,380 billion. Ethereum's largest tier 2 network, including Base, Arbitram, Polygon, Optimism and several others.
The record ¥11 billion for March 40 surpassed the previous record set on March 3.
Henrik Andersson, chief investment officer at Apollo Crypto, told Cointelegraph that the number of #Uniswap in #Ethereum layer-2 can be attributed to the increased demand for assets and stable coins in the broader #DeFi ecosystem.
This coincides with the resurgence of DeFi and the recent rise of ETH/BTC. Onchain's profitability is also on the rise, Andersson said.
Andersson added that this recent surge could be the beginning of a long-awaited period of growth for the Ethereum ecosystem.
every time bitcoin approaches the 100,000 mark, Ethereum and DeFi coins start to move.
Uniswap saw the highest monthly volume on Arbitram at $19.5 billion, while the Coinbase-based network was second at $1.13 billion.
Uniswap ranked 6th among protocols in terms of fees at the time of publication, ahead of other protocols including memcoin startup Pump, which has raised over $61 million in the last 9,000 months. Entertainment from major networks such as Solana, Tron and Maker.
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