The post Uniswap V3 Leads with $8.96 Billion Weekly Volume appeared on BitcoinEthereumNews.com.

In terms of weekly volume, Uniswap V3 has established itself as the most successful platform in the Ethereum dApp sector, with $8.96 billion in volume. The startup revenues illustrate how seriously DeFi is incorporated into Ethereum. Additionally, the platform enjoys an ongoing yearly average of over 124.5K unique active wallets (UAW), demonstrating its vast user base. Phoenix, a prominent crypto newts and analytical platform shared the list and stats of the top dApps by weekly volumes through its official X account.   Balancer and Uniswap V2 Maintain Strong Presence Trailing Uniswap V3, Balancer, and Uniswap V2 also recorded notable activity, with $1.64 billion and $1.46 billion weekly volumes, respectively. These automated market makers continue to serve as essential liquidity hubs in the Ethereum network. The growing user engagement on these platforms demonstrates their role in driving DeFi innovation. Furthermore, the continued usage of Uniswap V2 illustrates its resilience, even with the introduction of newer versions. CoW Protocol, focusing on batch trading, has secured a weekly volume of $923.56 million. The platform’s unique approach to executing trades resonates with users and attracts over 6.68K UAW. Its rise signals a growing interest in alternative trading methods within the Ethereum ecosystem. Additionally, the protocol’s efficient design contributes to minimizing transaction fees, a significant point of concern for many users in decentralized finance. DODO and Curve have also earned $476.36 million and $290.53 million in weekly volume, respectively. These platforms, known for their unique liquidity solutions, continue to expand their user base and attract more assets into their protocols. Moreover, their rising presence highlights the diversity of options available to Ethereum users seeking DeFi solutions tailored to their needs. ParaSwap and Pendle: Ethereum dApps Gaining Momentum ParaSwap and Pendle, with weekly volumes of $202.88 million and $201.77 million, respectively, represent a new wave of…

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Filed under: News - @ September 26, 2024 3:14 am