Uniswap's Layer 2 Trading Volume Experiences Massive Surge By Over 650%
Uniswap, which is a Decentralized Exchange (DEX), and a layer 2 solution on the Ethereum blockchain, presently contributes about 37% of the accumulated trading volume on the layer 2 network. About 2 years ago, Uniswap didn't see such surge in trading volume.
Crypto analyst Tom Wan stated that Uniswap has experienced about a 650% increase in trading volume in the last 24 months. In which case, it has seen a surge from about $4 billion in trading volume as of 2022, to about $30 billion in trading volume in 2024.
Tom Wan predicted that this surge in trading volume on Uniswap may see more growth and expansion, due to the fact that there are additional good protocols being established on the layer 2 solutions, like Optimum, Coinbase's Base and Arbitrum.
Most notably Arbitrum and Coinbase's Base, have both experienced significant increase in economic initiatives, which contributes about 82% of the accumulated trading volume on Uniswap. Tom predicted that this surge of layer 2 trading volume on Uniswap will see more growth in 2024.
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