#Uniswap L2 trading volume hits record high#
Hot Topic Overview
Overview
Uniswap's Layer 2 (L2) trading volume hit an all-time high, surpassing $500 billion, with $305 billion added in 2024 alone. The Uniswap team said the next target is to reach $1 trillion in trading volume. Launched on the Ethereum mainnet in November 2018, Uniswap has integrated 28 chains and is the sixth largest DeFi platform with a total value locked of €624 million. Since last year, L2 payments to Ethereum L1 Gas fees have dropped significantly.
Ace Hot Topic Analysis
Analysis
Uniswap's L2 trading volume has hit a new high, surpassing $500 billion, indicating growing recognition of its advantages in scalability and cost-effectiveness. 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. The rapid growth in its L2 trading volume is primarily attributed to its reduced Gas fees. Since last year, Gas fees paid to the Ethereum L1 from L2 have significantly decreased. The Uniswap team has stated that the next target is to surpass $1 trillion, demonstrating their confidence in the future and their belief that L2 will be the future of DeFi.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Uniswap L2 trading volume breaks $500 billion, setting a new all-time high.
Uniswap L2 trading volume grew by $305 billion in 2024 and is projected to continue growing to $1 trillion.
Uniswap L2's success is attributed to its extensive ecosystem integrating 28 chains, as well as the significant decline in Gas fees paid by L2 to Ethereum L1.
Uniswap L2 is a key player in the DeFi space, currently the sixth largest DeFi platform with a total locked value of €624 million.