Document Analysis NLP IA
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Summary (IA Generated)
Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, with cumulative transactions exceeding $10 billion amid the ongoing DeFi boom.
If Uniswap managed to maintain its current pace, it would process over $500 billion worth of transactions in a year.
@Uniswap weekly trading volume just passed $10b for the first time!!!.
Uniswap’s 24-hour trade volumes are estimated to be around $1.
PancakeSwap and Mdex each reportedly processed more than $3 billion worth of transactions over the same 24-hour period.
Uniswap is a popular platform for investors looking to access new and emerging DeFi projects and other so-called hidden crypto gems not yet available on major centralized exchanges like Coinbase, Kraken or even Binance.
The decentralized exchange reached a major milestone in February 2021 when cumulative trade volumes first surpassed $100 billion.
Nearly $112 billion has been locked in DeFi projects, according to the latest industry data.