Uniswap Volume Milestone on Base
Uniswap Volume Milestone on Base
💰 Billion Dollar Milestone
Uniswap, a decentralized exchange protocol on Ethereum, has achieved a significant milestone by surpassing $1 billion in trading volume on the Base platform yesterday. This remarkable feat comes after a steady increase in swap volume on the Uniswap mobile app, with March's volume already doubling that of February, despite the month not being over yet. Additionally, the weekly swap volume on Base has doubled since the same time last month, indicating a growing adoption and usage of the platform.
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March swap volume on the Uniswap mobile app is already 2x February’s volume And the month isn’t even over yet 🤯
Passed $1B in Uniswap volume on Base yesterday 🔵
🎯 Uniswap Launches New LP Rewards Program
**New liquidity provider rewards are now active** on the Uniswap Web App. Liquidity providers can now earn additional rewards for providing liquidity to Uniswap pools directly through the official web interface. - Access rewards through the Uniswap Web App - Available for LP positions across Uniswap versions - Program builds on previous reward initiatives This continues Uniswap's efforts to incentivize liquidity provision and improve market depth across its decentralized exchange protocol. *Visit the Uniswap Web App to explore available LP reward opportunities.*
🏆 Arbitrum Breaks Records
**Arbitrum makes history** as the first Layer 2 network to surpass **$400 billion in swap volume** on the Uniswap Protocol. This milestone represents significant growth from the $300B threshold crossed earlier this year, demonstrating: - Strong adoption of L2 scaling solutions - Increased DeFi activity on cost-effective networks - Arbitrum's dominance in the Layer 2 ecosystem The achievement highlights how **Layer 2 networks are becoming essential infrastructure** for DeFi protocols, offering users lower fees while maintaining security.
Uniswap Web App to Support 7,702 Smart Wallets with Pectra Upgrade
Uniswap's web application is preparing for Ethereum's Pectra upgrade, scheduled for Q4 2024. The update will enable compatibility with 7,702 smart wallets from day one of launch. Key points: - Pectra upgrade focuses on improving core smart contract functionalities - Enhanced user experience features for wallet interactions - Significant expansion of wallet support across the Uniswap ecosystem This integration represents a major step forward in making DeFi more accessible and user-friendly on Ethereum.
Uniswap v4 Volume Growth Analysis
Uniswap v4 continues to demonstrate significant growth in trading volume, reaching nearly $13B within just 90 days of launch. Key metrics: - From $500M in February to $13B in May - Represents ~26x growth in 3 months - Averaging about $144M daily volume This growth follows broader protocol success, with Base reaching $150B in all-time volume and total Uniswap Protocol processing $2.94T in swap volume. The rapid adoption suggests strong market validation for v4's new features and improved efficiency.
Uniswap Interface Adds New Hooks: SauceTax9 and BtcAcc
Uniswap's interface has integrated two new hooks to enhance trading functionality: - **SauceTax9 Hook**: Implements new tax mechanisms for trades - **BtcAcc Hook**: Adds Bitcoin-related accounting features This follows March's successful integration of Verified Pools and Graduation hooks. The interface team continues to evaluate and add new hooks as they demonstrate reliability and user value. *Note: Hooks are custom code modules that extend Uniswap's core functionality.*