Uniswap tops $2T in trading volume, larger than Australia’s GDP

Uniswap, launched in November 2018, took 42 months to reach the $1 trillion trading volume milestone, doubling to $2 trillion just 24 months later.

Decentralized exchange (DEX) Uniswap has surpassed $2 trillion in all-time trading volume, notching the milestone five and a half years after it launched in November 2018.

Uniswap reached the $2 trillion milestone at around 11:55 am UTC on April 5, according to data tracked by a Dune Analytics dashboard compiled by Uniswap's strategy and operations lead, Zach Wong.

Uniswap Labs notified the community of the incoming milestone at 6:00 pm UTC on April 4, when it expected $2 trillion to be reached within 24 hours.

For perspective, Uniswap’s $2 trillion in trading volume is larger than Australia, Brazil and South Korea’s gross domestic products — a measure of the market value of finished goods and services produced within an entire country.

For a bit of fun, Uniswap Labs also said it would transfer 200 USDC to the first person who records and sends the firm a video clip refreshing the Dune Analytics dashboard showing Uniswap’s trading volume tick over to $2 trillion.

The trading volume figure is taken from the several blockchains that support Uniswap, which include Ethereum, Polygon, Optimism, Arbitrum, Celo, BNB Chain, Base, Blast and the Avalanche Network.