#Uniswap L2 trading volume surpasses $500 billion#
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Overview
Uniswap's Layer 2 (L2) trading volume has surpassed $500 billion, a new all-time high, with $305 billion added in 2024 alone. Uniswap, which launched on the Ethereum mainnet in November 2018, is now integrated with 28 chains and is the sixth largest DeFi platform with €624 million in total value locked. The success of Uniswap L2 can be attributed to its low gas fees, with L2 gas payments to Ethereum L1 declining significantly since last year. The Uniswap team has said its next goal is to surpass $1 trillion in trading volume.
Ace Hot Topic Analysis
Analysis
Uniswap's Layer 2 (L2) trading volume has surpassed $500 billion in historical transactions, with $305 billion added in 2024 alone. This milestone signifies the rapid growth of Uniswap L2 trading volume and showcases its prominent position in the decentralized finance (DeFi) ecosystem. Since its launch on the Ethereum mainnet in November 2018, Uniswap has integrated 28 chains and is currently the sixth-largest DeFi platform with a total value locked of €624 million. Notably, gas fees paid to Ethereum L1 by Uniswap L2 have decreased significantly since last year, demonstrating substantial progress in lowering transaction costs through L2 solutions. The Uniswap team has stated that the next goal is to surpass $1 trillion in trading volume, which would further solidify its leading position in the DeFi space.
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Classic Views
Uniswap L2 trading volume surpasses $500 billion, a new all-time high.
Uniswap L2 trading volume increased by $305 billion in 2024.
Uniswap L2 aims to reach $1 trillion in trading volume.
Uniswap L2 has integrated 28 chains, making it the sixth largest DeFi platform.