According to analytics company EthGasStation, stakeholders have dished out a total of 17,700 ETH as fuel to complete their trades using Uniswap’s intuitive solution, amounting to just shy of $7m.
Tether (USDT) was the second cryptocurrency to generate similar gas expenditure, generating some $6.39m in net value. Meanwhile, Chainlink or LINK placed eighth in the overall standing.
Uniswap continues to drive interest and traffic in its offer, though it will now face another worthwhile competitor in the face of JustSwap, the decentralised platform for the TRON blockchain ecosystem.
While both Uniswap and JustSwap have been posting great results, industry insiders have cautioned consumers to be wary of potential scams. Counterfeit assets are now proliferating on Uniswap, and JustSwap is yet to be tested.
The boom of DeFi finances has been palpable in cryptocurrencies, ushering a new outlet for blockchain technology and sparking a significant interest among stake-holders. DeFi assets have risen in value aggressively, though, pushing up Ethereum gas prices as well.
While these developments have been less than ideal, the interest in Ethereum is going to continue and bolster the namesake ecosystem. With blockchain operations including online casinos, there are many gaming opportunities to enjoy.