Uniswap, a decentralized exchange (DEX) built on Ethereum, has surpassed Coinbase in trading volume.
08 Apr 2023, 22:10
Uniswap, a decentralized exchange (DEX) built on Ethereum, has surpassed Coinbase in trading volume. Uniswap's monthly trading volume was over $30 billion, while Coinbase's was just under $13 billion.
This marks a significant milestone for the DEX, which has been steadily gaining popularity in the decentralized finance (DeFi) space. Uniswap uses an automated market maker (AMM) model, allowing users to trade a wide range of ERC-20 tokens.
The platform has also recently launched its V3 upgrade, which introduces new features to improve liquidity providers' capital efficiency. A real decentralized finance revolution, am I right?