Total number of Uniswap wallets more than doubles in the past year | Headlines | News | CoinMarketCap
05/03/2024 01:11
The total number of wallets on the decentralized exchange (DEX) Uniswap skyrocketed from 3.03 million in May 2023 to 7.26 million in May …
The Block Crypto News20 minutes ago
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Published on May 02, 2024 17:49 GMT+00:00edited on May 02, 2024 17:54 GMT+00:00
The total number of wallets on the decentralized exchange (DEX) Uniswap skyrocketed from 3.03 million in May 2023 to 7.26 million in May 2024—an increase of approximately 140%, according to Dune Analytics data.
Uniswap's rise in swappers coincides with other records on the platform. On Apr. 5, Uniswap surpassed a historic $2 trillion in cumulative trading volume. The DEX is also the largest by total value locked at $5.31 billion, with PancakeSwap coming second at nearly $2 billion.
Uniswap's native token, UNI, traded hands at $7.09 at 1:21 p.m. ET on May 2. UNI saw a 5.10% increase of $0.34 in the past 24 hours, according to The Block Price page for the token.
The past year's success for the protocol has also come with some scrutiny. The U.S. Securities …