Is a billion-dollar trading volume per day the ‘new normal’ for Uniswap?

Uniswap, the top undisputed decentralized cryptocurrency exchange platform, maintains its leading position in the industry as it moves toward a billion-dollar market trading volume per day.

Less than 12 days to the end of the month, the DEX had exceeded the highest trading volume record of USD 15.3 billion sets in the 9th month of 2020 when the DeFi projects gained more ground. 

 

The platform trading volume at the early hours of 20th January 2021 is over Seventeen billion dollars and still very much likely to get over $25,000,000 by the close of the month with an average of Eight hundred and fifty-five million dollars ($855 m) daily.

All decentralized exchanges have been recording a large volume for the past one month, which increased by a hundred and twelve percent. Total trading volume amounted to $43.3b in the last 30days, with an estimated value of $1.5 billion added every day.

 

Also read: AC Milan to Join Sports Cryptocurrency Movement with the Launching of $ACM Fan Token. 

Despite the high Ethereum Gas fee, uniswap continues to lead the industry because it is close to an average of a billion-dollar trading quantity for January.

There are several choices of 1,558 coins exchanged with more than 2,400 trading pairs. But the majority tends to be in favor of less dicey trades.

 

 Trades between coins like DAI, USDT, and USDcoin against Ethereum accounted for close to 50% of the $1.1b in the past twenty-four hours.

With an estimated value of $70,000,000,000 all-time high trading volume, Uniswap would require an average of $2,700,000,000 per day to make a trillion-dollar trading volume by 31st December 2021.

SushiSwap, another top decentralized exchange, doubled its preceding $3b monthly high record set in the last month of 2020 with over Eight billion dollars traded in January till now.

 

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