Decentralized Exchange (DEX) and Automated Market Maker (AMM) Uniswap Layer-2 (L2) has hit a milestone with its transaction volume surpassing $200 billion in February 2024.
Uniswap L2 Transaction Volume Hits Historical High
Data from crypto analytics platform Dune confirmed that Uniswap L2 all all-time protocol volume on Arbitrum, Polygon, Optimism, and Base reached a new All-Time-High (ATH).
According to the chart, the volume is now around $208.11 billion, a huge gain from its levels last year. In February 2023, the cumulative volume of the Uniswap L2 was only $75 billion, indicating that there has been up to a 280% increase within the last 12 months.
Compared to February 2022’s volume of $13.9 billion, the recent record is a massive milestone. Within the last 24 hours, UNI the native coin of the ecosystem, has shown a positive sentiment triggered by a couple of factors including ATH transaction volume.
The Uniswap Foundation announced a proposal aimed at upgrading protocol gov
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