The weekly trading volume on DeFi platform Uniswap, the world's largest decentralized finance platform, has surpassed $10 billion.
According to the platform CEO Hayden Adams, the figure has experienced an increase of about 25.7% compared to the previous week. Furthermore, he estimates that if the current rate of growth continues, the annual trading volume could exceed $500 billion.
In terms of daily volume, CoinGecko estimates this to be as high as $1.9 billion.
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The platform allows investors to invest in DeFi projects that are not represented on other platforms such as Coinbase or Binance.
User interest in the decentralized finance sector has increased significantly recently, which has boosted trading volume both on Uniswap as well as other platforms.
In particular, the total capitalization of the DeFi sector amounts to $103.1 billion according to CoinMarketCap.