EthereumNews

Uniswap tops list of 2023 crypto protocols

1 Mins read

According to a Jan. 4 post on X, Uniswap led the Ethereum blockspace with an impressive 43 million transactions and 7.4 trillion gas, 4.5 times more than the second-ranking protocol.

Introduced in 2018 by Hayden Adams, a former Siemens mechanical engineer, the Uniswap blockchain operates with the Solidity programming language, a popular choice for many decentralized finance (defi) projects on the Ethereum platform.

Offering users the ability to provide liquidity to pools and trade decentralized tokens in pairs, including native crypto-to-crypto and crypto-to-stablecoins, Uniswap stands out for its open-source nature, encouraging contributions from a diverse community. The project has since garnered over three million unique senders.

The thread continues, highlighting Tether as the second protocol. It witnessed 33.6 million sends from 6.2 million unique addresses, making it a notable player in the Ethereum ecosystem, followed by Opensea, Metamask, and 1inch.

It is worth noting that the aggregator 1inch has emerged as the most utilized project, while the recently introduced entrant in 2023, Banana Gun, recorded 1.5 million swaps in the ninth spot on the list.

In a follow-up thread, the Coinbase Director cites analytics from Dune, presenting a compilation of the top 20 individual contracts, where Uniswap secures the leading positions in the first three spots.


Source

1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Articles
Related posts
CryptoNews

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…
BNBCryptoNews

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…
CryptoNews

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.