Uniswap decentralized exchange and its governance token, UNI, have been defying all expectations in recent months, with the world’s largest DEX recently recording cumulative transaction totals exceeding the $10-billion threshold. What’s more, it is estimated that Uniswap’s 24-hour trade volume currently lies somewhere around the $2.3-billion range.
Uniswap CEO Hayden Adams has been tweeting about the milestone recently and has even released an accompanying chart showcasing a 25.7% weekly increase in Uniswap’s weekly trade volumes. It’s worth noting that if the platform is able to keep up its current in/outflow pace, it will be able to process a whopping $500 billion worth of transactions within the next 12 months.
Uniswap’s increasing popularity seems to stem from the fact that it allows investors looking to dabble in various decentralized finance projects and other obscure cryptocurrencies fairly easily, which may not be available via popular centralized exchanges like Binance or Coinbase.
As a result, Uniswap’s native token offering, too, has been on the receiving