The weekly trading volume of the decentralized exchange Uniswap hit another record, reaching 10 billion US dollars

Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, surpassing $10 billion in cumulative volume amid the ongoing decentralized finance boom.  

Uniswap CEO Hayden Adams tweeted the milestone on Tuesday, with an accompanying chart showing a 25.7% increase in weekly trading volume. If Uniswap manages to maintain its current pace, it will process more than $500 billion worth of transactions in a year.  

NBS Decentralized Exchange Successfully Deployed Trading Robot: According to official news, NBS Decentralized Exchange has successfully deployed a trading robot. The trading robot is currently deployed on the NBS/USDT trading pair on the NBS internal disk, mainly to connect to the depth of the centralized exchange. , to enhance the NBS internal disk trading experience. Yesterday, the trading volume of NBS/USDT on the NBS internal market exceeded 2 million NBS. [2021/6/8 23:21:45]

Uniswap’s 24-hour trading volume is estimated to be around $1.9 billion, according to CoinGecko. According to reports, PancakeSwap and Mdex each processed transactions worth more than $3 billion in the same 24 hours.  

Report: Ethereum and IPFS Lead the Development of Decentralized Networks: In the latest report released by Fluence Labs, 231 projects with a technical background were selected from 631 projects and are currently developing Web3.0-related projects. The report notes that the decentralized web is on the rise, largely led by Ethereum and IPFS, which are the main forces developers use to create DWeb applications. (News Logical)[2020/6/15]

Uniswap is a popular platform for investors looking to gain access to new DeFi projects and other so-called hidden cryptocurrency gems that are not yet available on major centralized exchanges such as Coinbase, Kraken or even Binance. Airdrops of 400 UNI tokens have helped Uniswap gain traction over the past six months. Based on the current price of UNI, those 400 tokens are now worth $12,000.  

Huobi Partners with Cred, a Decentralized Crypto Lending Platform: Huobi has partnered with Cred, a decentralized crypto lending platform, to enable users to earn interest on their crypto holdings. Cred’s lending service will be integrated into Huobi Wallet, which supports users in 200 countries and regions with more than 1,000 crypto assets, including 8 stablecoins. The new service will support encrypted assets such as BTC, ETH and stablecoins. (Cointelegraph)[2020/4/1]

The decentralized exchange reached a major milestone in February when cumulative trading volume surpassed $100 billion for the first time. As Cointelegraph reported at the time, Uniswap’s massive growth since mid-2020 mirrored the first DeFi bull run.

According to the latest industry data, nearly $112 billion has been locked in DeFi projects. The total value locked peaked last week at over $123 billion before a full market correction wiped out over $300 billion in cryptocurrency value.

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