As of a January 4 post on X, Uniswap dominates the Ethereum blockspace, boasting a remarkable 43 million transactions and 7.4 trillion gas—4.5 times higher than the second-ranking protocol.
Impressive Crypto Protocol Highlights of 2023:
• Uniswap takes the lead in Ethereum blockspace with 43M transactions, utilizing 7.4T gas—4.5x more than #2
• USDT emerges as the top ERC20 with 33.6M sends from 6.2M unique addresses
• 1inch claims the title of the most used aggregator
• Newcomer Banana Gun records 1.5M swaps since its 2023 introduction
In 2018, Hayden Adams, a former Siemens mechanical engineer, introduced the Uniswap blockchain, utilizing the Solidity programming language—a prevalent choice in decentralized finance (DeFi) projects on the Ethereum platform.
Uniswap stands out by empowering users to contribute liquidity to pools and trade decentralized tokens in various pairs, from native crypto-to-crypto to crypto-to-stablecoins. Its open-source approach encourages a diverse community to contribute, resulting in over three million unique senders since its inception.
Continuing the thread, Tether emerges as the second protocol with an impressive 33.6 million sends from 6.2 million unique addresses. This establishes Tether as a significant player in the Ethereum ecosystem, closely followed by Opensea, Metamask, and 1inch in the lineup.
Notably, the aggregator 1inch has claimed the title of the most utilized project. In the 2023 lineup, the newcomer Banana Gun secured the ninth spot, impressively recording 1.5 million swaps since its introduction.
In a subsequent thread, the Coinbase Director references analytics from Dune, showcasing the top 20 individual contracts. Uniswap takes the lead, securing the first three positions in this compilation.
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