2024 年 DEX 创历史新高，Uniswap 超越总体交易记录

2024年成为DEX有史以来交易量最好的一年：2024年期间，DEX Uniswap已经超越了整体交易记录，创下了历史新高。

The year 2024 is turning out to be the best ever for DEX in terms of the number of transactions. During 2024, the DEX Uniswap has already surpassed the overall transaction record, setting a new all-time high.

就交易数量而言，2024 年对于 DEX 来说是有史以来最好的一年。 2024年期间，DEX Uniswap已经超越了整体交易记录，创下了历史新高。

In fact, taking into consideration the number of swaps carried out during the course of the year, in 2024 more than 300 million transactions have already been surpassed, while for example in 2023 they stopped at less than 180.

事实上，考虑到全年进行的掉期交易数量，2024 年的交易数量已超过 3 亿笔，而 2023 年则止步于不到 180 笔。

Over 300M swaps on the Uniswap Protocol this year

今年 Uniswap 协议上的交换量超过 3 亿次

And there’s still four months to go ? pic.twitter.com/P3c1XvpS8b

还有四个月时间? pic.twitter.com/P3c1XvpS8b

During the last major bullrun, in 2021, there were just over 50 million, and since the growth continued even in the middle of the bear-market, in 2022, in fact, until now every year Uniswap has broken the record of the previous year.

在上一次大牛市期间，即 2021 年，这一数字刚刚超过 5000 万，而且由于即使在熊市中期，即 2022 年，增长仍在持续，事实上，到目前为止，每年 Uniswap 都打破了上一年的记录。

It is worth noting, however, that in the course of 2024, it took only a few months to break the 2023 record, and since there are still more than four months left until the end of the year, 2024 could end with a real boom.

但值得注意的是，在2024年过程中，只用了几个月的时间就打破了2023年的记录，而且由于距离年底还有四个多月的时间，2024年可能会以真正的繁荣结束。

The boom of DEX

DEX的繁荣

Taking as a reference not the number of transactions, but the volumes traded (converted into dollars), the all-time monthly record of all DEX remains that of November 2021.

如果不以交易笔数为参考，而是以交易量（换算成美元）为参考，所有DEX的历史​​月度记录仍保持在2021年11月。

However, at that time the prices of many crypto were at their highest, so with the same trades and tokens exchanged, the volumes were higher.

然而，当时许多加密货币的价格处于最高水平，因此在相同的交易和交换的代币中，交易量更高。

At this moment Bitcoin is not far from the highs, but on DEX the exchanges in Bitcoin are not primary. Many altcoins traded on DEX, on the other hand, are very far from the highs, and this explains why the current volumes are not at the highs despite the boom in transactions.

目前，比特币距离高点已经不远了，但在 DEX 上，比特币的交易所并不是主要的。另一方面，在 DEX 上交易的许多山寨币距离高点还很远，这解释了为什么尽管交易量激增，但目前的交易量并未达到高点。

Furthermore, thanks to chains with very low fees, such as Solana, and especially to Ethereum’s layer-2, which with the Dencun update at the beginning of the year significantly reduced transaction costs, it has now become more convenient not only in general to use DEX, but also to make transactions of small amounts on these decentralized exchanges.

此外，得益于 Solana 等费用非常低的链，尤其是以太坊的 Layer-2，随着年初的 Dencun 更新，交易成本显着降低，现在不仅在一般情况下使用变得更加方便DEX，还可以在这些去中心化交易所进行小额交易。

Perhaps therefore to analyze the historical growth process of DEX it is more convenient to analyze the trend of the trading volume rather than the number of transactions, at this moment.

或许，此时此刻，分析DEX的历史​​增长过程，分析交易量的走势比分析交易笔数更为方便。

The trend of volumes

成交量趋势

Among the DEX, Uniswap has returned to dominate unchallenged, as far as volumes are concerned.

在 DEX 中，就交易量而言，Uniswap 毫无争议地重新占据主导地位。

For example, in the last seven days it has exceeded 9.7 billion dollars, while the second, PancakeSwap, stopped below 4.9.

例如，在过去的 7 天里，它已经超过了 97 亿美元，而第二个 PancakeSwap 则止于 4.9 以下。

Among other things, while Uniswap was born in the Ethereum environment, and recently suffered a lot from the competition of DEXs on Solana, PancakeSwap was born on BSC (Binance Smart Chain). So the great wave that had brought the DEXs on Solana to surpass those on Ethereum has somewhat faded, so much so that BSC has reappeared in the highest positions of the ranking by volumes.

其中，Uniswap 诞生于以太坊环境，并且最近在 Solana 上的 DEX 竞争中遭受重创，而 PancakeSwap 诞生于 BSC（币安智能链）。因此，Solana 上的 DEX 超越以太坊上的 DEX 的浪潮已经有所减弱，以至于 BSC 重新出现在交易量排名的最高位置。

The first major monthly peak of the total volumes traded on DEX was in May 2021, during the full bull run, when over 280 billion dollars were traded in a month.

DEX 总交易量的第一个主要月度峰值出现在 2021 年 5 月，即全面牛市期间，一个月内交易量超过 2800 亿美元。

Instead, the absolute monthly record is in November, above 290 billion.

相反，绝对月度记录是在 11 月份，超过 2900 亿。

In December 2022, they had plummeted below 45 billion, due to the bear-market that had caused the price of many cryptos to collapse.

2022 年 12 月，由于熊市导致许多加密货币价格暴跌，它们的价值已跌破 450 亿美元。

After a brief but fleeting rise during the first half of 2023, still in September of last year they turned out to be less than 45 billion.

在 2023 年上半年短暂但稍纵即逝的增长之后，截至去年 9 月，这一数字还不到 450 亿。

Given that from December 2022 to September 2023 the price of Bitcoin has risen significantly, the fact that the trading volumes on DEX have not increased as much suggests quite clearly that BTC does not have a primary role on decentralized exchanges.

鉴于从 2022 年 12 月到 2023 年 9 月，比特币的价格大幅上涨，但 DEX 上的交易量并没有增加那么多，这一事实很清楚地表明，BTC 在去中心化交易所中并不发挥主要作用。

In fact, from September to December 2023, the volume more than tripled, probably thanks, for example, to the strong appreciation of SOL (Solana).

事实上，从 9 月到 2023 年 12 月，交易量增加了两倍多，这可能要归功于 SOL (Solana) 的强劲升值等。

The monthly peak of 2024 occurred in May, with almost 270 billion dollars, while August for now stops at 170.

2024 年的月度峰值出现在 5 月份，接近 2700 亿美元，而 8 月份目前停留在 170 亿美元。

Uniswap

Uniswap

Uniswap was born in 2019 on Ethereum, but already the following year it began to land on other chains.

Uniswap 于 2019 年在以太坊上诞生，但第二年就开始登陆其他链。

Initially, the other chains were layer-2 of Ethereum, but last year it also landed on BSC.

最初，其他链都是以太坊的第2层，但去年也登陆了BSC。

Until the end of 2022, trading volumes on other chains were absolutely marginal, but starting from March 2023, Arbitrum emerged forcefully as the main chain challenging Ethereum regarding trading volumes on Uniswap.

直到 2022 年底，其他链上的交易量绝对微乎其微，但从 2023 年 3 月开始，Arbitrum 强势崛起，成为在 Uniswap 交易量上挑战以太坊的主链。

On the other hand, Arbitrum is a layer-2

另一方面，Arbitrum 是第 2 层