BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Coinbase Reveals Uniswap as 2023’s Leading Ethereum Protocol

by Dan K
Jan 4, 2024 - 9:20 pm
in Blockchain
2023 Ethereum Protocol Usage Graph Highlighting Uniswap's Superior Performance as Per Coinbase Report.

Uniswap Leads Ethereum Protocols in 2023

According to a Jan. 4 post on Coinbase’s official blog, Uniswap has emerged as the most utilized protocol within the Ethereum blockspace. In 2023, Uniswap recorded an impressive 43 million transactions, consuming 7.4 trillion in gas – a staggering 4.5 times more than the second-ranking protocol.

Uniswap: A Defi Innovator Since 2018

Introduced in 2018 by Hayden Adams, a former Siemens mechanical engineer, Uniswap operates on the Ethereum blockchain using the Solidity programming language. This choice is common among decentralized finance (defi) projects. Uniswap is unique for its open-source approach, which encourages diverse community contributions.

Diverse Trading Options and Community Growth

Uniswap offers users the ability to provide liquidity to pools and engage in decentralized token trading, including crypto-to-crypto and crypto-to-stablecoin pairs. This versatility and open-source nature have attracted over three million unique senders to the platform.

Tether and Other Protocols Follow Closely

The report also highlights Tether as the second-leading protocol, with 33.6 million sends from 6.2 million unique addresses. Following Tether are other significant players like Opensea, Metamask, and 1inch in the Ethereum ecosystem.

Emerging Players and Future Trends

Notably, 1inch has emerged as a highly utilized project, and the 2023 newcomer, Banana Gun, has already recorded 1.5 million swaps, securing the ninth spot on the list.

In-Depth Analysis by Coinbase Director

A follow-up thread from the Coinbase Director offers further insights, citing analytics from Dune. It presents a comprehensive list of the top 20 individual contracts, where Uniswap secures the top three positions, underlining its dominance in the Ethereum protocol landscape.

Tags: CoinbaseEthereumUniswap
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service