Ryan Sean Adams, the Founder of cryptoasset investment firm Mythos Capital, revealed via Twitter that Uniswap, a permissionless, peer-to-peer (P2P) crypto exchange protocol, recorded approximately $20 million in trading volume last week.
A permissionless exchange protocol developed by a single developer generated $20m in trade volume last week
It launched less than 6 months ago
These are the trends you should be paying attention to
Not new coins, new economies pic.twitter.com/nrIno0VH9d
— Ryan Sean Adams (@RyanSAdams) May 21, 2019
Adams, a former healthcare professional, also mentioned that Uniswap was created by a single developer and was launched only six months ago.
Uniswap developed by a mechanical engineer
In April 2019, Hayden Adams, the creator of the Ethereum-based Uniswap Exchange protocol, explained how he launched a company dedicated to building decentralized finance (DeFi) products. The mechanical engineering graduate from Stony Brook University also confirmed that Uniswap’s seed round was closed last month.
Uniswap started as a side project for me. A way to learn the required skills to transition from mechanical engineer to crypto dev.
This is what it looked like in Nov. 2017 when it was my first smart contract, first website, and first major coding project! pic.twitter.com/EUkPV0X7sM
— Hayden Adams