Uniswap, the leading DEX platform, has just hit a new record for monthly trading volume on Ethereum Layer 2 solutions as DeFi users return to the platform. 📈

According to Dune Analytics, Uniswap recorded $38 billion in trading volume across major L2 networks such as Base, Arbitrum, Polygon, and Optimism, surpassing its previous high of $4 billion. Arbitrum led the way with $19.5 billion, followed by Base with $13 billion.

Arthur Cheong, founder of Defiance Capital, compared the growth of DeFi to the European Renaissance, emphasizing the potential of blockchain technology and smart contracts to reshape global finance. DeFi is maturing, becoming a viable alternative to the traditional financial system. 🌐