In accordance with a Jan. 4 put up on X, Uniswap led the Ethereum blockspace with a formidable 43 million transactions and seven.4 trillion fuel, 4.5 instances greater than the second-ranking protocol.
High Crypto Protocols of 2023
• Uniswap dominated Ethereum blockspace with 43M transactions, using 7.4T fuel; 4.5x greater than #2
•USDT the highest ERC20 with 33.6M sends from 6.2M distinctive addresses
•1inch essentially the most used aggregator
•New 2023 entrant Banana Gun made 1.5M swaps pic.twitter.com/UIgE2DgA0a— Conor (@jconorgrogan) January 4, 2024
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Launched in 2018 by Hayden Adams, a former Siemens mechanical engineer, the Uniswap blockchain operates with the Solidity programming language, a well-liked alternative for a lot of decentralized finance (defi) initiatives on the Ethereum platform.
Providing customers the power to offer liquidity to swimming pools and commerce decentralized tokens in pairs, together with native crypto-to-crypto and crypto-to-stablecoins, Uniswap stands out for its open-source nature, encouraging contributions from a various neighborhood. The venture has since garnered over three million distinctive senders.
The thread continues, highlighting Tether because the second protocol. It witnessed 33.6 million sends from 6.2 million distinctive addresses, making it a notable participant within the Ethereum ecosystem, adopted by Opensea, Metamask, and 1inch.
It’s value noting that the aggregator 1inch has emerged as essentially the most utilized venture, whereas the not too long ago launched entrant in 2023, Banana Gun, recorded 1.5 million swaps within the ninth spot on the record.
In a follow-up thread, the Coinbase Director cites analytics from Dune, presenting a compilation of the highest 20 particular person contracts, the place Uniswap secures the main positions within the first three spots.
Learn extra: Banana Gun relaunches on Uniswap v2
