Uniswap V3 was the most used Ethereum contract in 2022

Uniswap V3 has become the most popular Ethereum contract in 2022. ranking first when it comes to total gas used throughout this year.

Uniswap V3 used up over 2.8 million in 2022. this is more than three times higher than the amount of gas consumed in Uniswap V2 users have flocked en masse to the DEX's newest iteration.

Uniswap V2 saw 17% of its transactions revert the highest percentage out of all the most popular Ethereum contracts. 

The decentralized exchange saw a total of 15.5 million transactions surpassing OpenSea's Seaport NFT marketplace and OpenSea itself with over 1.5 million unique addresses. 

Uniswap V3 ranks higher than any other Ethereum dApp. 

Ethereum transfers used up more gas than V3 this year with over 3 million gas spent on over 141.5 million transactions. Tether's USDT saw 27.7 million transactions this year and used up 1.4 million gas while Circle's USDC up 572.000 gas for 10.4 million transactions.

Hayden Adams founder of Uniswap Labs noted that V2 of the decentralized exchange was still among the top 5 most used contracts on Ethereum also Adams said that updating routing and liquidity drastically improved the user experience on the dApp with the transfer revert rate on V3 reducing by half when compared to V2.

"Also cool to see V3 transactions fail half as often as V2 showing the benefits of concentrated liquidity and all the routing improvements we made."

Uniswap parent company a Unicorn this year in September, sources close to the company expressed that Uniswap Labs was preparing for a $100 million funding round to expand its offering. According to Few media, the round would valuation of Uniswap Labs at $1 billion.

Related: Uniswap overtakes Solana and becomes 16th top crypto