Ethereum Decentralized Exchange Uniswap Records $620 Billion in Trading Volume This Year

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Ethereum Decentralized Exchange Uniswap Records $620 Billion in Trading Volume This Year
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The popular DEX has a had a banner year in spite of the major market correction

three million unique wallets had transacted a total of 68 million times with a total volume of over $620 billion throughout the year.

Uniswap is an automated, open-source protocol built on the Ethereum blockchain that enables users to swap one digital asset for another. This type of transaction is called an"exchange" or a"swap". Uniswap allows anyone to easily liquidate their digital assets in exchange for other digital assets of equal value while eliminating the need for third-party services such as exchanges.

In October, Uniswap announced its successful completion of a $165 million Series B funding round. Participating investors included A16z Crypto, Paradigm, SV Angel, and Variant on top of Polychain Capital.

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