White Label Exchange

DeFi exchange Uniswap records $20 million in trades last week

Crypto News

Cryptocurrency / Crypto News 101 Views comments

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.

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.