Uniswap Processes Over $2 Trillion On Ethereum: UNI Bull Run Inevitable?
Uniswap has processed over $2 trillion in cumulative volume on the Ethereum mainnet since its launch in late 2018. The platform's growth reflects its commitment to functioning as designed, utilizing smart contracts for transactions initiated from non-custodial wallets. Uniswap manages over $4.9 billion in assets, making it the sixth largest DeFi protocol. The latest version, Uniswap v3, leads with over $3 billion in managed assets and introduced concentrated liquidity for better capital efficiency. Uniswap also operates across multiple chains, with significant trading activity on Ethereum, where it manages over $3.9 billion. As DeFi popularity rises, Uniswap is expected to process more transactions and may dominate DEX trading on Ethereum layer-2s. The total value locked (TVL) is over $277 million. UNI token has nearly doubled since early August and could rise to $12 if it breaks above $8.5.
