Exchange that is not centralized Over the last day, Uniswap has been in the spotlight for successfully settling a total of $1 trillion in trade activity.
1/ It’s been one hell of a ride 🚀
— Uniswap Labs 🦄 (@Uniswap) May 24, 2022
As of today, the Uniswap Protocol has passed a lifetime cumulative trading volume of $1 Trillion. pic.twitter.com/stFdMDgJPZ
In addition to the aforementioned achievement, Uniswap v3’s liquidity in ETH/USD, ETH/BTC, and other ETH pairs is presently higher than that of most large centralized exchanges.
According to recent study, Uniswap has 2x greater liquidity than both Binance and Coinbase for the ETH/USD pair. Uniswap, on the other side, has 3x more liquidity than Binance and 4.5x more liquidity than Coinbase for ETH/BTC.
Furthermore, Uniswap has 3x greater liquidity than other big centralized exchanges in terms of ETH and other mid-cap pairs.
- “Uniswap v3 also has higher market depth across all price levels, which means it’s even more advantageous for users to execute larger trades on Uniswap v3 relative to centralized exchanges.”
