As Ethereum DeFi craze continues, Uniswap is processing over 100,000 transactions a day
BTC $11,875 (+1.9%) • ETH $396 (+1.4%) • XRP $0.296 (+2.8%)
In 2018 and 2019, decentralized exchanges (DEXs) on Ethereum were barely used. While hailed as the future, these platforms failed to garner much support from cryptocurrency traders, who then preferred the cost and time efficiency of centralized platforms.
But over the past few months, as decentralized finance (DeFi) has gone parabolic, DEXs have become a popular product. So popular that Uniswap, the most popular Ethereum-based trading platform, has reported that it processes in excess of 100,000 transactions a day.
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