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Uniswap has just engraved its name in the digital marble of the crypto of the universe. Three thousand billion dollars in a cumulative volume. Dizzying figure, historical first for Dex. However, for confetti some signals encourage you to limit. Because if the characters are shining, the decoration is more nuanced.
In short
- Uniswap becomes the first dex to exceed $ 3,000 billion.
- Despite this performance, its TVL remains twice as much as its peak of 2021.
- Uni Crypto stagnates while Uniswap is preparing a portfolio compatible with the EIP-7702.
A stormy act but a depth that puts things into a perspective
It was necessary to dare: in the ecosystem, the young uniswap established himself as a intersection of decentralized exchanges.
$ 3,000 billion is an imprint that has remained on the blockchain asphalt. Hayden Adams, the founder of the protocol, failed to celebrate the moment on X, a film Analyst, as a victory before another revolution.
Today’s characters also tell another crypto story. The daily volume revolves around $ 3.3 billion with a 23 %crypto market share. Impressive, of course, but slightly resign from opponents like Pancakeswap, which now flirts with a share of $ 2.7 billion and 21 %. Competition becomes wild and UNISWAP progress is no longer so indisputable.
As regards the total blocked value (TVL), another defi -dynamism thermometer limits $ 5 billion. Half less than the peak in 2021. Although the whole defi shows a global tvl of 124 billion according to Defillam, it is a clear reminder: enthusiasm has calmed down and prudence rules.
Innovation continues but United Crypto Patina
Nevertheless, UNISWAP is preparing its Moult. On May 12, Adams announced the immediate launch of their portfolio compatible with the EIP-7702, a proposal signed by Vitalik Buterin, freshly integrated into the Pectra update.
Idea? Flexible, smarter Ethereum accounts that are able to turn into transforming contracts to strengthen security. Proactive reactions to future threats, including those from quantum computer science.
But while the technology progresses, UNE crypto increases. Coingecko places it around $ 7, far, very far from its summit $ 45 in 2021. More than 84 % decrease in four years. Poor performance that contrasts with technical exploitation of the protocol. The crypto market seems to remain a skeptical face in the face of the award.
In short, Uniswap reminds us that numbers are not enough in the crypt. Innovation, as spectacular as it is, must persuade outside the developers. And another revolution could be played well where we don’t expect it. Meanwhile, Ethereum builds on institutional stuking.
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Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.