Bitcoin

$ 30 billion and a cryptocurrency that destroys all records: Uniswap (UNI), one of the kings of tomorrow’s finance?

Uniswap returns to the charge – The rise of decentralized finance seems unstoppable, and the Uniswap exchange platform is no exception. It indeed achieved a record volume of $ 30 billion in January alone.

2021 as beautiful as 2020 for DeFi?

With the DeFi hype throughout 2020, the first figures for 2021 point to an equally flourishing year for this constantly growing ecosystem.

Already in January, decentralized exchange platforms (DEX) has recorded a record volume of $ 60.9 billion .

And as once is not customary, Bitcoin Billionaire leads with $ 30 billion , half of the volume recorded by all DEXs.

This new record eclipses the one recorded last September, with a total of $ 30 billion, of which $ 18.65 billion is attributed to Uniswap.

UNI to the moon ?

At the same time, Uniswap’s governance token, UNI , also broke new records.

Launched only a few months ago , it has already reached a new ATH of 20 dollars , following an increase of almost 100% over the previous 7 days .

The price has since fallen to around $ 17.5 , which still allows Uniswap to place itself in 13th place in the ranking of cryptocurrencies by capitalization.

Unfortunately for him, the competition in the DEX ecosystem is tough. Indeed, SushiSwap , the community fork of Uniswap, is starting to grab market share from the unicorn, as pointed out by Mira Christanto , researcher for Messari Crypto.