Uniswap: Arbitrum is the first Layer2 protocol to exceed a total trading volume of 150 billion US dollars on DEX

The trading volume of Ethereum Layer2 protocol Arbitrum on the decentralized trading platform Uniswap has exceeded $150 billion. Uniswap Labs wrote in a social media post on Monday that Arbitrum is the first Layer2 protocol to break this threshold on DEX. As of early May, Arbitrum's cumulative trading volume reached $150.2 billion.

Blockchain data tracker DeFiLlama shows that the total locked value (TVL) of the Arbitrum network is $26.4 billion, making it the largest Layer2 protocol by TVL and also ranking fifth after Solana, BSC, Tron and Ethereum at Layer 1 level protocols. The data shows that Uniswap is the largest decentralized exchange calculated by TVL (total locked value), with its TVL standing at $55.4 billion as of May 6th.