.Uniswap trading volume climbed above Coinbase’s in February, and although both exchanges' volumes have declined since then, Uniswap has remained ahead of Coinbase. LedesmaLyllah reports
in trading volume in April, the fourth consecutive month that it has surpassed Coinbase, according to data provided by CCData.
Uniswap’s trading volume climbed above Coinbase’s in February, and although both exchanges' volumes have declined since then, Uniswap has remained ahead of Coinbase. Uniswap is a DEX that runs on the Ethereum blockchain. Uniswap handled some $37 billion trading in April, compared to March, when it handled over $70 billion. Coinbase saw $34 billion worth of trading volume on its exchange in April, versus $49 billion in March.in March alongside other stablecoins was a large factor in Uniswap's rising trading volume, according to Jacob Joseph, research analyst at CCData."Traders turned to on-chain trading venues during this period of uncertainty," he wrote in a note to CoinDesk.
"As the largest decentralised exchange, Uniswap was well placed to take advantage of decreased market liquidity and increased regulatory focus on centralised exchanges," Joseph wrote. Bitcoin and ether have also witnessed price recoveries since the start of the year, which helped bolster market sentiment and renew interest in decentralized finance applications, Joseph added.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Coinbase calls Pepe a 'hate symbol,' prompting calls to boycott the exchangeNew meme cryptocurrency Pepe has been described as a “hate symbol” by US-based cryptocurrency exchange Coinbase, sparking calls from some avid Pepe fans to boycott the crypto exchange.
Weiterlesen »
Uniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool FeesA proposal to switch on fees for Uniswap's v2 pools and some of its v3 pools is revisiting a contentious discussion among the protocol's community members about the decentralized exchange's protocol fees. LizKNapolitano reports
Weiterlesen »
Developers Deploy Uniswap Contracts on Bitcoin as BRC20-Based SHIB, PEPE Gain PopularityA group of developers at TrustlessOnBTC have deployed Uniswap’s smart contracts onto the Bitcoin network to capitalize on the rise of BRC-20 tokens and develop the decentralized finance ecosystem. By shauryamalwa.
Weiterlesen »
Polychain Snubs Lucrative Crypto Arbitrage, Prepares to Trade $6M of ROOK Token on UniswapCrypto hedge fund Polychain prepared to sell its $6 million trove of $ROOK tokens on Uniswap, upending the calculus behind a savvy DeFi trade. realDannyNelson reports
Weiterlesen »
Worldcoin Launches World App to Bolster Decentralized Identity and Finance for Mass Adoption – Bitcoin NewsThe Worldcoin project made an announcement on May 8, 2023, revealing the launch of the project's new World App.
Weiterlesen »
Decentralized Wallet Developer Odsy Raises $7.5M at $250M ValuationThe funding round was led by Blockchange Ventures and included participation from Rubik Ventures, Node Capital and FalconX among others.
Weiterlesen »