Uniswap experienced a record-setting month this past July on multiple accounts. On July 27 Uniswap trading volume reached $120 million and the decentralized exchange saw nearly day-over-day growth of liquidity provided to the platform.
Additionally, people are searching for Uniswap like never before. Uniswap went from 90,000 visits to 1.42 million in a single month.
Uniswap trade volume and liquidity for those same dates also grew significantly.
Uniswap volume 7x over the same timespan
- June 20th: $6.2m
- July 20th: $43.7m
Liquidity on the DEX doubled
- June 20th: $37.5m
- July 20th: $86.6m
Currently, Uniswap V2 and V1 have combined liquidity of over $200 million and a shared trading volume of $67 million, although most now come from Uniswap V2.
Uniswap V2 continues to undergo a successful transition of volume and liquidity which is not a given in a decentralized world. Uniswap is experiencing breakout velocity of the rocket ship variety. If last month's numbers – in searches, volumes, or liquidity – continue at even a fraction of the pace, Uniswap is primed to have a sweeping end to the quarter and an even wilder Q4 of 2020.