Decentralized trading platforms are still an option for many who are looking for privacy or who prefer new and risky digital currencies.

Recently, decentralized trading platform Uniswap announced that over $1 trillion worth of cryptocurrency has been traded on the platform since its launch in 2018.

The platform confirmed that during this time frame (4 years), it collected millions of users in the world of decentralized finance “DeFi”, provided fair and unguarded trading, and lowered the barriers to providing liquidity.

The ad also stated:

This success has been primarily driven by the Uniswap community that continues to build alongside us.

Uniswap was created in November 2018.

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Uniswap facilitates automated transactions between digital assets on the Ethereum blockchain via smart contracts.

Uniswap has emerged as the largest DeFi platform and is among the world’s leading decentralized exchanges in terms of daily trading volume.

According to DeFiPulse, the total unlocked value on Uniswap is currently nearly $7 billion.

Although the numbers are much higher than the start of the so-called DeFi summer in 2020, they have recently fallen after a market correction and price slump.

Earlier this year, Uniswap Labs – the company behind the trading platform – introduced Uniswap Labs Ventures, with the goal of bringing millions of people into the emerging Web3 economy and investing in other crypto-based institutions.

Soon after, two US law firms sued Uniswap, claiming that it was violating securities laws by offering and selling securities in the form of digital tokens.

In addition, the lawyers claimed that Uniswap allowed illegal activities such as pumping, unloading and pulling the rug from under the legs of investors.

It is noteworthy that this was not the first lawsuit against Uniswap.

Last September, the US Securities and Exchange Commission launched an investigation against its developers, with the aim of determining how customers use the platform and how it generally works.

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