{"id":1595,"date":"2024-04-29T12:18:40","date_gmt":"2024-04-29T12:18:40","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/04\/29\/uniswap-dex-accounts-for-37-of-ethereum-layer-2-volume\/"},"modified":"2024-04-29T12:18:40","modified_gmt":"2024-04-29T12:18:40","slug":"uniswap-dex-accounts-for-37-of-ethereum-layer-2-volume","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/04\/29\/uniswap-dex-accounts-for-37-of-ethereum-layer-2-volume\/","title":{"rendered":"Uniswap DEX Accounts for 37% of Ethereum Layer 2 Volume"},"content":{"rendered":"<p>21.co researcher Tom Wan noted that the platform\u2019s L2 volumes experienced an impressive 650% growth in 24 months, climbing from around $4 billion in 2022 to over $30 billion this year. According to Wan, this trend could strengthen further if more quality protocols launch on layer 2 networks like Arbitrum, Coinbase\u2019s Base, and Optimism. Wan explained, \u201cL2s have been gaining more economic activities, specifically Base and Arbitrum, which account for 82% of the total L2 volume on Uniswap.<\/p>\n<p>I would expect the dominance of L2s\u2019 volume on Uniswap will continue to grow to 50% by the end of this year.\u201d Data showed that the exchange has only contributed 2.9% of the total volume on altcoin L1s, but Wan opined that this narrative may see a shift in the future. Additionally, Wan believes that high-performance EVM-compatible L1s combined with a multichain expansion strategy could allow the DEX to capture more volume on networks like Sei and Monad. DefiLlama states users have also deposited more than $5.5 billion in total value-locked.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>21.co researcher Tom Wan noted that the platform\u2019s L2 volumes experienced an impressive 650% growth in 24 months, climbing from around $4 billion in 2022 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[490],"tags":[],"class_list":["post-1595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-and-cryptocurrency"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=1595"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/1594"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=1595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=1595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=1595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}