Uniswap, the leading decentralized exchange (DEX) protocol, has hit a record high for user growth.
According to The Block Research, Uniswap added 57,976 new users in July as compared to 24,963 in June, i.e. growth of 132%. In August thus far, the exchange has added 27,253 unique users.
Uniswap currently leads the DEX volume game, with more than 40% market share as of last month.
Last week, it was revealed that Uniswap raised $11 million in Series A funding in June. The round was led by Andreessen Horowitz, with participation from Union Square Ventures, Parafi Capital and Paradigm, among others.