After less than four years of existence, Uniswap Protocol hit a trading volume of over $1 trillion.
The platform emphasized that during this time frame, it has amassed millions of users to the decentralized finance universe, “introduced fair and permissionless trading,” and “lowered the barrier to liquidity provision.”
Established in November 2018, the protocol facilitates automated transactions between digital assets on the Ethereum blockchain via smart contracts. Uniswap has emerged as the largest DeFi exchange and is among the world’s leading ones by daily trading volume. Moreover, the attorneys claimed that the DeFi exchange had allowed unlawful activities like “pump and dump” and “rug pulls.”
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