#Uniswap L2 trading volume surpasses $500 billion#
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Overview
Uniswap's Layer 2 (L2) trading volume has surpassed a record high of $500 billion, with $305 billion added in 2024 alone. Uniswap is currently integrated with 28 chains, making it the sixth largest DeFi platform with a total value locked of €624 million. Since last year, gas fees paid to the Ethereum L1 from L2 have dropped significantly, and the Uniswap team has stated that their next target is to reach $1 trillion in trading volume.
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Analysis
Uniswap's L2 trading volume has surpassed $500 billion, setting a new all-time high and demonstrating strong user demand for Uniswap L2. Since its launch on the Ethereum mainnet in November 2018, Uniswap has integrated 28 chains and become the sixth largest DeFi platform, with a total value locked of €624 million. Uniswap L2 trading volume has grown rapidly this year, increasing by $305 billion in 2024 alone. This growth is attributed to the significant decline in gas fees paid to Ethereum L1 from L2s since last year, reducing transaction costs for users. The Uniswap team stated that their next target is to surpass $1 trillion in trading volume, indicating their confidence in future development.
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Public Sentiment
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Classic Views
Uniswap L2 trading volume surpasses $500 billion, setting a new all-time high.
Uniswap L2 saw $305 billion in trading volume growth in 2024, demonstrating strong growth momentum.
Uniswap L2 has integrated 28 chains and become the sixth largest DeFi platform, with a total value locked of €624 million.
Uniswap L2 gas fees paid to Ethereum L1 have dropped significantly since last year, indicating the cost-effectiveness advantages of L2 solutions.