Trading volumes on DEX Uniswap reached $34 billion in 2024.
Analyst Matias Andrade noted the low commissions and high liquidity of the exchange’s assets.
Earlier, the Uniswap team announced a new version of the protocol. Its launch is scheduled for the third quarter of 2024.
Trading volumes on the decentralized exchange (DEX) Uniswap exceeded $34 billion since the beginning of 2024. This was reported by analyst Matias Andrade.
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In his report, the specialist drew attention to the rising trading figures, which indicate a market recovery. According to him, trading volumes for individual pairs on Uniswap exceed $100 million per month, which is a very good sign.
Andrade noted that the Uniswap V3 platform attracts traders with low commissions from 0.05%. It offers high liquidity and targets market participants with large volumes.
“As for Uniswap V2, it continues to be a breeding ground for new token pairs due to its simple listing process and affordable initial liquidity. The platform is used for smaller and more speculative tokens – including memcoins,” the expert said.
The material also talks about the growth of trading volume on Jupiter – decentralized exchange and liquidity aggregator Solana. Over the past 12 months, this figure exceeded $55 billion, according to the analytical platform Dune.
Recall, the Uniswap team is going to launch a new version of the protocol in Q3 2024. It also introduced uni.eth domains for Web3 and announced a possible distribution of rewards for some UNI token holders.
