$ 1 billion in revenue of the decentralized cryptocurrency exchange Uniswap

Uniswap, or decentralized giełda kryptowalut, earns about $ 2,5 million every day. You sure think it's a lot? However, the real record was announced only after the last financial year was added up. It turns out that Uniswap exceeded $ 12 billion in transaction fees in 1 months.

Uniswap is the first ever application that works in the environment Ethereum, which we managed to exceed the magical threshold of 1 billion in revenues. All thanks to the huge turnover. Although the fees at Uniswap are very low, the gigantic turnover means that by putting down the proverbial penny to a penny, we collect quite a lot of money - and not just one ... The daily transaction volume on Uniswap already exceeds USD 1,2 billion.

It is thanks to this that in the period from October 2020 to October 2021, i.e. at a time when some large companies are counting the so-called fiscal year, Uniswap managed to achieve revenues of over USD 1 billion. 

Why is Uniswap winning against other cryptocurrency exchanges?

Uniswap has developed into a decentralized leader in recent months cryptocurrency exchanges. There are many places where you can buy cryptocurrencies, such as Bitcoin Millionaire Official Site, but Uniswap offers solutions focusing on the maximum reduction of user costs. Therefore, more and more experienced cryptocurrency traders, often trading large amounts, invest on it. And just as often, changing assets between individual networks, and in Uniswap there is no problem with transferring cryptocurrencies between Ethereum, Polygon or Arbitrum. The Uniswap exchange today supports 455 cryptocurrencies and 902 (cryptocurrency) currency pairs.

The interest in the Uniswap exchange grew by leaps and bounds in 2020, when UNI tokens were distributed to its users. Interestingly, they could be sold for an average amount of approx. PLN 1,2 thousand. USD, while investors who kept their nerves and waited until the peak of quotations that took place in May, could sell free tokens for ... 18 thousand. USD! No wonder that everyone who knew about it tried to carry out at least one transaction in the indicated period, and there were also those who set up several wallets "for the family" and collected a multiple of this amount.

Young millionaires believe in cryptocurrencies

This coincides with the summary of a recent Millennial-Millionaire study that shows that the vast majority of them keep some funds in cryptocurrencies. 75% of them want to increase their involvement in digital tokens in the next 12 months - it follows survey by CNBC. 

It turns out that among the millennial generation with a wealthy wallet, as many as 83% have cryptocurrencies. And it is worth mentioning that we are talking about people whose fortunes are in the millions of dollars. And these are not small amounts, because more than half of the respondents keep over 50% of their assets in crypto assets. 32% of them invest in Bitcoin, Ethereum and smaller tokens as much as 75% of their assets.

This greatly distinguishes them from the older generation. The generation born in 1946-1964 avoids cryptocurrencies. Only 4% of them have them. 

Interestingly, the interest in cryptocurrencies has not changed in recent weeks, when the digital money market has undergone a significant correction. Millennials still plan to increase their involvement in cryptocurrencies and want to buy them all the time, rebuilding their investment portfolios in such a way that, over time, cryptocurrencies constitute the overwhelming majority, if not all, of their assets.