Uniswap Surpasses $3 Billion in Assets

uniswap crosses 3 billion oct 2020

Uniswap, the biggest ethereum based decentralized exchange with no order book has just crossed $3 billion in locked crypto assets. The exchange was handling some $2 billion in trading volumes yesterday, with it unclear whether it was a glitch or something to do with yesterday’s hack of Harvest, and now handles about a quarter of a billion in trading volumes every day. Trading pairs here have ballooned to near 20,000, a doubling since last time we looked which was just a few weeks ago. This now earns more than half a million a day in fees which go to liquidity providers and soon enough to the UNI token holders. Uni’s price however has fallen significantly from the high of $7 to now $2.84, but curiously it has managed to maintain this near $3 price for some time. That suggests a floor maybe has been found for this still very new…

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