In keeping with a January 4 put up on X, Uniswap led the Ethereum block house with a formidable 43 million transactions and seven.4 trillion gasoline, 4.5 occasions greater than the second-tier protocol.
Prime Crypto Protocols of 2023
• Uniswap dominated the Ethereum blockspace with 43 million transactions, utilizing 7.4 tons of gasoline; 4.5x greater than #2
•USDT the highest ERC20 with 33.6 million sends from 6.2 million distinctive addresses
•1inch essentially the most generally used aggregator
•New 2023 entrant Banana Gun made 1.5 million swaps pic.twitter.com/UIgE2DgA0a— Conor (@jconorgrogan) January 4, 2024
You may additionally like: Uniswap Labs launches Android cell pockets
The Uniswap blockchain was launched in 2018 by Hayden Adams, a former Siemens mechanical engineer, and runs on the Solidity programming language, a well-liked selection for a lot of decentralized finance (defi) tasks on the Ethereum platform.
Uniswap provides customers the power to supply liquidity to swimming pools and commerce decentralized tokens in pairs, together with native crypto-to-crypto and crypto-to-stablecoins. It’s distinguished by its open-source nature and encourages contributions from a various group. The challenge has since generated greater than three million distinctive senders.
The thread continues and highlights 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 used challenge, whereas the just lately launched newcomer in 2023, Banana Gun, recorded 1.5 million swaps in ninth place on the record.
In a follow-up thread, the Coinbase director cites evaluation from Dune, presenting a compilation of the highest 20 particular person contracts, with Uniswap securing the main positions within the first three spots.
Learn extra: Banana Gun relaunches on Uniswap v2