Uniswap Smashes Records with Over 30M Active Users & 15K ETH Burned

• Uniswap has seen a surge in activity on its Ethereum network, reaching a new record of 30 million active users.
• 15,000 ETH was burned by Uniswap-linked contracts in the past week.
• The growth rate for Uniswap has increased due to the recent craze for meme coins but has not yet reached the record set in May 2021.

Uniswap Sets Record for Active Users

Uniswap, the decentralized finance platform, has seen a surge in activity on its Ethereum network. According to data from Dune Analytics, which provides data on blockchain and decentralized finance, Uniswap has reached a new record for the number of active users on its platform with over 30 million users.

Growth Rate Remains Below 2021 Record

The growth rate of Uniswap’s user base has increased due to the recent craze for meme coins, however it is still below the record set in May 2021. Despite this fact, the number of users continues to increase.

Uniswap’s Airdrop Put it on the Map

In September 2020 Uniswap gained popularity with its airdrop which raised its user base from 1 million to over 30 million users today. These users are spread across several networks but Ethereum remains as the most popular one according to Dune Analytics.

15K ETH Burned in One Week

The impact of Uniswap on Ethereum can be seen through Ether burns as well; since switching from Proof-of-Work (PoW) to Proof-of-Stake (PoS) with EIP 1559, linked contracts have burned over 15K ETH in just 7 days; accounting for half of all net Ether burned during that period.

UniSwaps Growth Rate

UniSwaps growth rate continues growing steadily and especially during this past year where it grew exponentially thanks to meme coin craze; but hasn’t yet matched up to 2021 record levels set by itself earlier this year.