Uniswap records a monthly trading volume of 38 billion dollars in Ethereum L2, reaching an annual high

Image=Uniswap Analytics

As interest from investors in the virtual asset (cryptocurrency) market increases, the demand for decentralized finance (DeFi) is also rising.

On the 28th (local time), the virtual asset specialized media Cointelegraph reported using Uniswap data that "Uniswap recorded a trading volume of 38 billion dollars in major Ethereum L2 networks such as Arbitrum (ARB), Polygon (POL), and Optimism (OP). This is about 4 billion dollars higher than the highest record set last March," it reported.

Henrik Anders, a top crypto investor at Apollo, stated, "The increase in Uniswap trading volume is attributed to the increased demand for DeFi assets and stablecoins in the broader DeFi ecosystem," adding, "The recent upward trend could mark the beginning of a long-awaited success for the Ethereum ecosystem."