Uniswap’s decentralized exchange (DEX) has reached the $1 trillion mark in aggregate trading volume since it launched in 2018.
According to The Block Research, Uniswap has become the DEX market leader.
In April, Uniswap had a 42.48% market share, PancakeSwap had 17.21%, SushiSwap had 5.47%, Astroport had 5.24%, and Curve had 4.06%. The remaining 25.56% is held by a number of other exchanges.
The daily trading volume of Uniswap was at the same level as that of the centralized exchange Coinbase (about $3 billion).