{"id":32954,"date":"2024-11-28T14:30:18","date_gmt":"2024-11-28T11:30:18","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32954"},"modified":"2024-11-28T10:52:52","modified_gmt":"2024-11-28T07:52:52","slug":"uniswap-achieves-record-monthly-volume","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/uniswap-achieves-record-monthly-volume\/","title":{"rendered":"Uniswap Achieves Record Monthly Volume"},"content":{"rendered":"<p>Uniswap recorded a <strong>$38 billion trading volume<\/strong> across <strong>Ethereum Layer-2 (L2)<\/strong> networks in November, breaking its previous record. According to <strong>Dune Analytics<\/strong>, this volume includes major networks like <strong>Base<\/strong>, <strong>Arbitrum<\/strong>, <strong>Polygon<\/strong>, and <strong>Optimism<\/strong>. The record set in March at <strong>$34 billion<\/strong> was surpassed this month by an additional <strong>$4 billion<\/strong>.<\/p>\n<p><strong>Henrik Andersson<\/strong>, the investment director at <strong>Apollo Crypto<\/strong>, linked this surge to increasing demand for <strong>assets<\/strong> and <strong>stablecoins<\/strong> within the <strong>DeFi ecosystem<\/strong>. He highlighted that the rise in the <strong>ETH\/BTC ratio<\/strong> and growing <strong>on-chain yields<\/strong> contributed to this momentum. Additionally, Andersson noted that when <strong>Bitcoin<\/strong> approaches the <strong>$100,000<\/strong> threshold, <strong>Ethereum<\/strong> and <strong>DeFi tokens<\/strong> typically show increased activity.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/uniswap-achieves-record-monthly-volume\/#Uniswaps_Leading_Networks\" title=\"Uniswap\u2019s Leading Networks\">Uniswap\u2019s Leading Networks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/uniswap-achieves-record-monthly-volume\/#UNI_Token_Gains_Strength\" title=\"UNI Token Gains Strength\">UNI Token Gains Strength<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Uniswaps_Leading_Networks\"><\/span>Uniswap\u2019s Leading Networks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Arbitrum<\/strong>: Leads with a trading volume of <strong>$19.5 billion<\/strong>.<\/li>\n<li><strong>Base<\/strong>: Follows with <strong>$13 billion<\/strong>.<\/li>\n<\/ul>\n<p>Uniswap also collected <strong>$90 million<\/strong> in fees during November, outperforming protocols like <strong>Pump.fun<\/strong> and <strong>Tron<\/strong>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-11\/01937168-9be5-71e5-95ca-92cd1405ae53\" alt=\"Uniswap\" width=\"1661\" height=\"687\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"UNI_Token_Gains_Strength\"><\/span>UNI Token Gains Strength<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Uniswap\u2019s native token, <strong>UNI<\/strong>, surged by <strong>42%<\/strong> in the past week, reflecting the protocol&#8217;s heightened activity. Currently trading at <strong>$12.58<\/strong>, <strong>UNI<\/strong> outperformed decentralized exchange tokens like <strong>Raydium<\/strong> (<strong>-2.2%<\/strong>) and <strong>Jupiter<\/strong> (<strong>7.7%<\/strong>).<\/p>\n<p>This record-breaking volume signals the potential for the <strong>Ethereum ecosystem<\/strong> to enter a long-awaited growth phase. Rising <strong>DeFi interest<\/strong>, increased <strong>stablecoin usage<\/strong>, and higher <strong>on-chain yields<\/strong> point to a promising future for the ecosystem.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uniswap recorded a $38 billion trading volume across Ethereum Layer-2 (L2) networks in November, breaking its previous record. According to Dune Analytics, this volume includes major networks like Base, Arbitrum, Polygon, and Optimism. The record set in March at $34 billion was surpassed this month by an additional $4 billion. Henrik Andersson, the investment director<\/p>\n","protected":false},"author":28,"featured_media":32955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,11,2],"tags":[1011,965,61,93,2157,105,5329,9731,1001,84,488,3711,2013,71],"class_list":["post-32954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-exchange-news","category-news","tag-arbitrum","tag-base","tag-bitcoin","tag-defi","tag-eth-btc","tag-ethereum","tag-l2","tag-on-chain-yields","tag-optimism","tag-polygon","tag-stablecoin","tag-trading-volume","tag-uni","tag-uniswap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uniswap Achieves Record Monthly Volume - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/uniswap-achieves-record-monthly-volume\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uniswap Achieves Record Monthly Volume - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Uniswap recorded a $38 billion trading volume across Ethereum Layer-2 (L2) networks in November, breaking its previous record. 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