Decentralized Uniswap Has More Volume Than Coinbase

Decentralized Uniswap Has More Volume Than Coinbase

By Abhimanyu Krishnan | News | 5 Oct 2020


The Uniswap (UNI) DEX now handles more daily volume than popular US-based exchange Coinbase, according to data from September available on Dune Analytics.

  • Monthly DEX volume for Uniswap was $15.3 billion in September as opposed to Coinbase’s $13.6 billion
  • This marks a big milestone for DEXs, which have undergone tremendous growth during the DeFi boom, reaching a 12 month volume of $48.7 billion
  • Uniswap has experienced consistent growth across various metrics in 2020, helpling propel the total DEX volume of the market to over $11 billion
  • Uniswap is by far the most popular DEX, followed by Curve Finance (CRV) and Balancer (BAL)

Related Reading:


Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


News
News

Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.