Uniswap Hits Record 38 Billion Trading Volume in November
Uniswap has achieved an impressive milestone this November by reaching a record 38 billion dollars in trading volume across Ethereum Layer 2 networks. A significant portion of this volume came from Arbitrum, which accounted for 19.5 billion dollars alone. The surge in trading activity has also led to a 42 percent rise in Uniswap’s UNI token and generated revenue of 90 million dollars in fees. This remarkable performance underscores Uniswap’s position in the DeFi space and its ability to adapt and thrive among various trading conditions. The momentum generated this month could set the stage for continued growth for both Uniswap and its users, promoting further innovation in the DeFi sector.
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