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Uniswap Hits Major Milestone with $1.5 Trillion in Trading Volume in April

Uniswap, the decentralized finance (DeFi) protocol, has hit a major milestone by surpassing $1.5 trillion in trading volume in April. Uniswap has maintained its position as the leading decentralized exchange (DEX) in the crypto market, despite the volatility that has plagued the industry since 2022.

With over $4 billion in total value locked (TVL) across all blockchains, Uniswap remains the largest DEX in the world. Uniswap Labs cited data from Dune Analytics to confirm the achievement of this important milestone.

The release of strict regulations in the United States and the collapse of centralized exchange FTX have caused investors to flock to decentralized platforms. Uniswap’s trading volume has surpassed Coinbase for two consecutive months, and the surge in trading volume on Uniswap is partly due to the Pepe meme frenzy.

The number of daily users on Uniswap has increased to nearly 85,000, marking a significant high since May 2021. This surge occurred after Uniswap announced the launch of a mobile wallet app to promote the adoption of DeFi.

The wallet app allows users to purchase cryptocurrencies with a fiat on-ramp fee of 2.55%. Additionally, it allows users to swap tokens on popular DeFi platforms, such as Polygon, Arbitrum, and Optimism.

Uniswap’s achievement of surpassing $1.5 trillion in trading volume demonstrates the growing popularity of decentralized finance in the crypto market. As the crypto industry continues to evolve, it is likely that we will see more milestones and achievements from Uniswap and other decentralized protocols.

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