Uniswap founder wants to attain $1T in cumulative volume this year

Uniswap founder wants to attain $1T in cumulative volume this year

Hayden Adams, the founder of decentralized exchange (DEX) Uniswap, has announced plans for 2022 in a Twitter thread on January 1. The exchange plans to increase its cumulative trading volume to over $1 trillion in 2022 by adopting ways that allow for secure and seamless trading.

“2021 has been a transformative year for crypto adoption,” said Adams, reminiscing the achievements Uniswap attained in the year, a prominent one being the ten-fold increase in its market capitalization of $10 billion.

2/ This growth was made possible in 2021 because critical infrastructure provided by DeFi enabled more people to participate and innovate. Over the past 12 months, hundreds of new communities and products have formed because they had fair access to liquidity and users.— hayden.eth (@haydenzadams) January 1, 2022

While $1 trillion cumulative volume may seem like a slightly unattainable goal, Uniswap already dabbled around $712 billion in trading volume in 2021. In May 2021, it launched “Uniswap v3” which Adams claimed to have increased DeFi’s capital efficiency by 1,000 times. Currently, Uniswap is the third-largest Decentralized Exchange in the DeFi ecosystem.

Additionally, Uniswap Labs helped integrate Uniswap v3 to Optimism, Arbitrum, & Polygon giving users access to chains with reduced fees.

For the year 2022, Uniswap Labs now plans to offer developers more DevX tools & widgets and make it easier for them to participate in Uniswap governance. Moreover, it intends to “create more paths to cheap, secure, seamless trading & coordination” as well as “continue leading the way in DeFi innovation”.

10/ We are incredibly grateful to the entire Web3 community for making the growth in 2021 possible. And can’t wait to see what the next year brings as we build a decentralized Internet together. gn 2021, gm 2022— hayden.eth (@haydenzadams) January 1, 2022

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