Uniswap 的 ETH/稳定币交易量超越中心化交易所

Uniswap 是一家领先的去中心化交易所，其 ETH/稳定币交易量已超过中心化交易所。这一里程碑标志着 Uniswap 自 2018 年推出以来从默默无闻的崛起。随着 Uniswap v2 的推出和 2020 年的“DeFi 夏季”，DEX 作为领先交易所获得了关注，Uniswap 目前管理着很大一部分 ETH/稳定币交易。

Uniswap's Triumph: Surpassing Centralized Exchanges in ETH/Stablecoin Volume

Uniswap 的胜利：ETH/稳定币交易量超越中心化交易所

Uniswap, the vanguard decentralized exchange (DEX) by trading volume, has achieved an unprecedented milestone, eclipsing centralized crypto trading behemoths in ETH/stablecoin volume. This surge signifies a pivotal moment in Uniswap's trajectory, which has witnessed exponential growth since its humble beginnings in November 2018.

Uniswap 是交易量领先的去中心化交易所 (DEX)，已经实现了前所未有的里程碑，在 ETH/稳定币交易量方面超越了中心化加密货币交易巨头。这次激增标志着 Uniswap 发展轨迹的关键时刻，自 2018 年 11 月起步以来，Uniswap 经历了指数级增长。

DEXes Emerge as Market Leaders

DEX 成为市场领导者

The advent of Uniswap's v2 iteration and the subsequent "DeFi summer" of 2020 heralded a paradigm shift in the crypto landscape, propelling DEXes to prominence. Uniswap's decentralized architecture and low fees resonated with traders, fueling its meteoric rise.

Uniswap v2 迭代的出现以及随后的 2020 年“DeFi 之夏”预示着加密领域的范式转变，推动 DEX 脱颖而出。 Uniswap 的去中心化架构和低廉的费用引起了交易者的共鸣，推动了其迅速崛起。

Uniswap's Stellar Performance Amidst Gas Fee Turbulence

Uniswap 在 Gas 费动荡中表现出色

Uniswap's record-breaking volume emerges amidst a turbulent Ethereum mainnet plagued by exorbitant gas fees. Despite these challenges, the protocol has showcased its resilience, with ETH/stablecoin trades accounting for a remarkable one-third of Uniswap's total volume. Over the past 24 hours, approximately $3.75 billion worth of tokens have been exchanged through Uniswap.

Uniswap 破纪录的交易量出现在以太坊主网因高昂的 Gas 费而动荡的背景下。尽管面临这些挑战，该协议还是展示了其弹性，ETH/稳定币交易量占 Uniswap 总交易量的三分之一。过去 24 小时内，通过 Uniswap 交换了价值约 37.5 亿美元的代币。

DeFi Llama Ranks Uniswap Among Top Dapps

DeFi Llama 将 Uniswap 列为顶级 Dapp 之一

Data aggregator DeFi Llama ranks Uniswap as the 10th-largest DeFi decentralized application (dApp) by cross-chain total value locked (TVL) with an impressive $7.42 billion. Ethereum hosts nearly 98% of Uniswap's TVL, with the remaining capital distributed among its Polygon, Arbitrum, and Optimism deployments.

数据聚合商 DeFi Llama 将 Uniswap 按跨链锁定总价值 (TVL) 列为第 10 大 DeFi 去中心化应用程序 (dApp)，价值高达 74.2 亿美元。以太坊承载了 Uniswap 近 98% 的 TVL，其余资本分布在其 Polygon、Arbitrum 和 Optimism 部署中。

ETH/Stablecoin Dominance, Bitcoin Lag

ETH/稳定币占据主导地位，比特币落后

While Uniswap commands an undeniable lead in ETH/stablecoin and numerous ERC-20 token pairings, its footprint in Bitcoin activity remains limited. Wrapped Bitcoin pairings account for a mere 3.8% of Uniswap's volume today, highlighting the DEX's current focus on non-Bitcoin markets.

虽然 Uniswap 在 ETH/稳定币和众多 ERC-20 代币配对方面拥有无可否认的领先地位，但其在比特币活动中的足迹仍然有限。目前，打包的比特币配对仅占 Uniswap 交易量的 3.8%，凸显了 DEX 目前对非比特币市场的关注。

DeFi Summer: A Catalyst for Growth

DeFi 夏季：增长的催化剂

Uniswap's v2 launch in May 2020 ignited a period of accelerated growth known as "DeFi summer." The wider crypto community embraced decentralized finance, and Uniswap emerged as a pivotal player in this burgeoning ecosystem. Weekly trading volumes soared from a modest $20 million to $40 million in the first half of 2020, reaching unprecedented heights in the third quarter. Uniswap's weekly volume surged from $800 million to a staggering $5.8 billion in August 2020.

Uniswap v2 于 2020 年 5 月推出，引发了被称为“DeFi 夏季”的加速增长时期。更广泛的加密社区接受了去中心化金融，Uniswap 成为这个新兴生态系统中的关键参与者。 2020 年上半年，每周交易量从 2000 万美元飙升至 4000 万美元，并在第三季度达到前所未有的高度。 2020 年 8 月，Uniswap 的周交易量从 8 亿美元飙升至惊人的 58 亿美元。

SushiSwap and the Proliferation of Forks

SushiSwap 和分叉的激增

The launch of Uniswap's rival DEX, SushiSwap, in the same month triggered a proliferation of food-themed Uniswap forks. These forks offered generous token incentives to lure liquidity away from Uniswap's v2, threatening its dominance. However, Uniswap swiftly responded with an airdrop of its own token, solidifying its position as the top DEX by TVL.

同月，Uniswap 的竞争对手 DEX SushiSwap 的推出引发了以食品为主题的 Uniswap 分叉的激增。这些分叉提供了慷慨的代币激励措施，以吸引流动性离开 Uniswap v2，威胁其主导地位。然而，Uniswap 迅速回应，空投了自己的代币，巩固了其作为 TVL 顶级 DEX 的地位。

Uniswap's v3: Enhanced Efficiency, Record-Breaking Volume

Uniswap v3：效率提升，交易量破纪录

Uniswap unveiled its v3 iteration in May 2021, introducing innovative features to enhance the capital efficiency of automated market maker (AMM) exchanges. Liquidity providers gained the flexibility to select specific price ranges for deploying their capital, increasing efficiency. Uniswap v3 shattered previous volume records in May and November 2021, peaking at $26 billion on both occasions.

Uniswap 于 2021 年 5 月推出了 v3 迭代，引入了创新功能来提高自动化做市商 (AMM) 交易所的资本效率。流动性提供者可以灵活地选择特定的价格范围来部署其资本，从而提高效率。 Uniswap v3 在 2021 年 5 月和 2021 年 11 月打破了之前的交易量记录，两次达到 260 亿美元的峰值。

v3 Drives Majority of Trading

v3 推动了大部分交易

Uniswap's v3 currently handles approximately $3.75 billion in trades over 24 hours, deriving its strength from a $3 billion TVL. In contrast, Uniswap's v2 deployment generates $566 million in trades with a $3.75 billion TVL, highlighting the growing dominance of v3.

Uniswap v3 目前在 24 小时内处理约 37.5 亿美元的交易，其实力源自 30 亿美元的 TVL。相比之下，Uniswap v2 的部署产生了 5.66 亿美元的交易，TVL 为 37.5 亿美元，凸显了 v3 日益增长的主导地位。

Conclusion

结论

Uniswap's ascendancy over centralized exchanges in ETH/stablecoin volume is a testament to its unwavering commitment to decentralized finance. Despite the challenges posed by gas fees, Uniswap's v3 has emerged as a formidable force, driving the majority of trading activity and solidifying the protocol's position as a leading player in the DeFi landscape. As Uniswap continues to evolve, its impact on the crypto ecosystem is poised to grow exponentially, shaping the future of decentralized finance.

Uniswap 在 ETH/稳定币交易量上相对于中心化交易所的优势证明了其对去中心化金融坚定不移的承诺。尽管面临 Gas 费带来的挑战，Uniswap v3 已经成为一股强大的力量，推动了大部分交易活动，并巩固了该协议作为 DeFi 领域领先者的地位。随着 Uniswap 的不断发展，其对加密生态系统的影响将呈指数级增长，塑造去中心化金融的未来。