Weekly Decentralized Exchange Volumes Near $20B, Uniswap Captures Lion’s Shar...
On Tuesday, the founder of the decentralized exchange (dex) Uniswap tweeted about the trading platform passing $10 billion in weekly trade volume for the first time. Decentralized trading volumes have grown massively, as dex platforms built on Ethereum have seen more than $18 billion in volume during the last week. Meanwhile, the dex Pancakeswap, an app that uses the Binance Smart Chain, has seen trade volumes skyrocket. Uniswap’s 7-Day Stats Capture $10 Billion in Global Trade Volume Decentralized finance (defi) has exploded during the last 12 months, as $58 billion in total value....
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The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the decentralized finance (defi) application’s Uniswap dominates the $11 billion landscape by over 18%. Just recently, the defi space has touched a few new milestones as the ecosystem’s TVL this week has topped $11 billion. The dex Uniswap is dominating the defi landscape by 18.65% with over $2 billion TVL to-date. Uniswap is followed by Makerdao ($1.9B), Aave ($1.56B), Curve.fi ($1.22B), and the Wrapped....
The decentralized exchange has been at the center of the yearlong DeFi explosion. Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, with cumulative transactions exceeding $10 billion amid the ongoing decentralized finance boom. CEO Hayden Adams tweeted the milestone on Tuesday with an accompanying chart showing a 25.7% weekly increase in volumes. If Uniswap manages to maintain its current pace, it will process over $500 billion worth of transactions in a year. @Uniswap weekly trading volume just passed $10b for the first time!!! $10b/week is over $0.5 trillion per....
Decentralized exchange (dex) volumes have become very prominent this year and some dex applications have been dealing with volumes that are sizable to large centralized crypto exchanges. During the last seven days, Ethereum-based dex platforms processed $21 billion with Uniswap capturing 71% of all the Ethereum-based dex applications today. Statistics from a report published by The Block Research and recently updated metrics, show dex platforms saw $1 trillion in volume during the course of the year.
Dex Volumes in 2021 Reach New Highs According to Digital Asset Report
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San Francisco-based exchange Coinbase has fallen behind decentralized exchange Uniswap in terms of trading volume since the beginning of 2023, making the DeFi exchange the premier decentralized trading spot for users. Trading Volumes On Uniswap And Coinbase Taking to X (Formerly Twitter) Bitwise researcher Ryan Rasmussen revealed that Uniswap performed better than Coinbase in terms […]
The popularity of meme coins like Dogecoin and Shiba Inu has triggered an influx of meme coins into the crypto space. For starters, there are hundreds, if not thousands, of small projects that have popped up to try to profit off the fame of these tokens. Some have succeeded, most have failed. However, one thing is certain, the Shiba Inu-themed coin market is oversaturated. To this end, there has been the need for new themes to keep the meme coin space afloat. Cats have made their debut in the space as projects try to break away from dog themes. All this really means is that there needs to....