Led by Uniswap, decentralized exchange volumes soared above $50B in January
Decentralized exchange volumes reached a record $55-billion high in January as Uniswap and SushiSwap saw a significant surge in activity. Decentralized finance (DeFi) has emerged as one of the driving forces of crypto sector growth, and it is also establishing itself as an integral component driving widespread adoption of cryptocurrencies. A recent report from Delphi Digital points out that there has been a 440% increase in “the circulating market cap of leading DEX protocols over the past 30 days,” which has also led to “the trading volume they facilitate to rise along with....
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Uniswap represented over 45% of total DEX volume.
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....
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 […]
Uniswap has been previously in talks with NFT lending protocols, planning to tackle liquidity issues and the “information asymmetry” around NFTs. Major decentralized exchange (DEX) Uniswap is in the early stages of raising significant funds to further expand its decentralized finance (DeFi) offerings, according to a new report.Uniswap Labs, a DeFi startup contributing to the Uniswap Protocol, is engaging with a number of investors to raise an equity round of $100 million to $200 million, TechCrunch reported on Sept. 30.The startup is working with investors like Polychain and one of....