DEX protocol Uniswap added nearly 58,000 users in July
August 10, 2020, 12:57PM EDT
1 min read
Uniswap, the leading decentralized exchange (DEX) protocol, has hit a record high for user growth.
According to The Block Research, Uniswap added 57,976 new users in July as compared to 24,963 in June, i.e. growth of 132%. In August thus far, the exchange has added 27,253 unique users.
Uniswap has been adding users at a growing pace since the launch of its new version, dubbed Uniswap V2. The new protocol introduced features like ERC-20 pairs, more manipulation-resilient price oracles and flash swaps, among others.
Last week, it was revealed that Uniswap raised $11 million in Series A funding in June. The round was led by Andreessen Horowitz, with participation from Union Square Ventures, Parafi Capital and Paradigm, among others.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Canadian Securities Administrators, an umbrella group for securities regulators in the country, alongside a self-regulatory organization for the investment industry, has released new guidance for crypto exchanges on the use of social media as well as advertising and marketing.