The decentralized exchange Uniswap announced on March 11 it had hit its highest daily volume ever — totaling $11.84 billion.

The exchange more than doubled its all-time high in November 2021 — marking a significant milestone for the decentralized protocol, according to Dune analytics.

Trading on the Uniswap protocol was led by the USDC de-pegging event that took place over the weekend following the collapse of Signature, Silvergate and Silicon Valley Bank.

(By Dorian Batycka)