Ethereum

Uniswap

DeFi

Uniswap’s monthly volume surged up to $38 billion across a number of Ethereum layer-2 platforms, surpassing its previous highest volume in March. 
For the first time in crypto history, Uniswap(<a rel="" href="https://crypto.news/price/uniswap/">UNI</a>) has reached a monthly volume of $38 billion in November 2024, according to <a href="https://dune.com/queries/3553382/5979769" target="_blank" rel="nofollow">data</a> from Dune analytics. This month’s volume breaks the previous record of $34 billion in March 2024. 
The decentralized exchange accumulated $38 billion in volume across major Ethereum(<a rel="" href="https://crypto.news/price/ethereum/">ETH</a>) layer-2 platforms like <a rel="" href="https://crypto.news/tag/base/">Base</a>, <a rel="" href="https://crypto.news/tag/arbitrum/">Arbitrum</a>, <a rel="" href="https://crypto.news/tag/polygon/">Polygon</a>. Compared to the previous month, Uniswap’s monthly volume soared by nearly 50% from $20.32 billion in October 2024. 
Ethereum layer-2 scaling solution Arbitrum contributed the largest portion of Uniswap’s volume this month, with $19.5 billion. Meanwhile, Base came in second with a volume of $9.19 billion, followed by Polygon with $4.33 billion. 
 You might also like: <a rel="" href="https://crypto.news/unichain-could-raise-468m-a-year-for-uniswap-labs-and-uni-token-holders-defi-report/"> Unichain could raise $468m a year for Uniswap Labs and UNI token holders: DeFi Report </a> 
Additionally, Uniswap also stands in sixth place among protocols ranked by fees and revenue, based on data from <a href="https://defillama.com/fees" target="_blank" rel="nofollow">DeFi Llama</a>. Uniswap falls slightly behind Solana(<a rel="" href="https://crypto.news/price/solana/">SOL</a>), but manages to get ahead of major protocols like <a rel="" href="https://crypto.news/tag/tron/">Tron</a>, <a rel="" href="https://crypto.news/tag/maker/">Maker</a> and even the meme coin marketplace <a rel="" href="https://crypto.news/pump-funs-urgent-notice-on-community-moderation/">pump.fun</a>. 
Not only that, Uniswap’s native token UNI has also seen a significant rise in the past 24-hours of trading. Based on data from <a rel="" href="https://crypto.news/price/uniswap/">crypto.news</a>, UNI has gone up by nearly 10% in the past day. The token is currently trading at $12.84. 
In the past week, UNI has been riding a wave of 44.87%, following the ongoing crypto rally. It has maintained a market cap of $7.7 billion, ranking the unicorn token at 26th place. UNI has a fully diluted valuation of $12.9 billion and a circulating supply of 600 million tokens. 
Similarly, Solana’s November monthly decentralized exchange trading volume also broke its <a rel="" href="https://crypto.news/solanas-monthly-dex-volume-surpassed-100b-for-first-time-ever/">record-high</a> by reaching $109.73 billion. Solana’s monthly DEX volume leapt more than 50% compared to last month’s $52.49 billion monthly volume. 
Solana and Uniswap’s new record-breaking milestones could signify a larger resurgence of interest in decentralized finance. 
 Read more: <a rel="" href="https://crypto.news/solanas-monthly-dex-volume-surpassed-100b-for-first-time-ever/"> Solana’s monthly DEX volume surpassed $100b for first time ever </a>

Uniswap breaks new record-high with $38b monthly volume

crypto.news

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