Trading volume on the Uniswap exchange exceeded $1 trillion – Bits Media

Decentralized exchange Uniswap reported, that the volume of trading on the platform reached a record indicator and exceeded $1 trillion.

According to Uniswap Labs on Twitter, they “never would have been able to achieve these results without the wonderful community, which continues work together with them".

“We gave access to the world of decentralized finance to millions of people, provided them with a fair and completely non-custodial way of trading, and also lowered the barrier to providing liquidity", - the message says.

Uniswap Labs also presented a chart, according to which about 80% transactions from the total volume on all decentralized exchanges. According to The Block Research, the site really leads in terms of trading volumes, but it only takes 42.48% market. In second place is DEX PancakeSwap. (17.21%), and on the third – SushiSwap (5.47%).

Also, according to The Block Research, Unswap may well rival the American centralized exchange Coinbase in terms of trading volumes, however, the figure is still several times less than the volumes on Binance.

Recall, that in mid-April, a resident of the American state of North Carolina, Nessa Risley (Nessa Risley) filed a lawsuit against Uniswap Labs and investors of the decentralized exchange Uniswap, accusing them of non-compliance with US securities laws.