Fluid, a rising DeFi protocol, is closing in on Uniswap with record trading days and briefly surpassing Uniswap in daily trading volume with $1.5 billion. Uniswap still dominates 60% of weekly trading volume on Ethereum-based exchanges, but Fluid’s growth is notable, overtaking Curve in trade volume.

Fluid’s liquidity layer minimizes capital fragmentation, allowing protocols to be built on top of it, ensuring consistent liquidity across platforms. With automatic adjustments to borrowing limits, Fluid offers a secure environment for users to trade assets efficiently and safely.

Fluid’s lending protocol allows users to earn yield by lending Ethereum and stablecoins, while the vaults product offers capital-efficient borrowing. The decentralised exchange, integrated with the lending platform, became the fastest growing on Ethereum, reaching $10 billion in volume in just 100 days.

Despite some challenges, Fluid’s token hit a record high market value of $375 million, showing promise for the future. Upgrades to the decentralised exchange, additional protocol launches, and plans for integration with real-world asset markets and foreign exchange markets indicate continued growth and innovation for Fluid. Jain predicts upgrade will increase daily volume by $400-600 million. Zachary Rampone, DeFi correspondent at DL News, covers the story. Contact him at [email protected] for tips and information.

Read more at Yahoo Finance: Fluid passes Uniswap in daily volume on Ethereum