Uniswap DeFi Platform Surpasses Coinbase Pro in Global Trade Volume


Decentralized exchange (dex) Uniswap has experienced a very large trading volume over the past seven days. Following Uniswap’s rapid increase in global trade volume, platform founder Hayden Adams celebrated the dex surpassing Coinbase’s trade volume last weekend.

Cyptomedia.id recently reported that the total value locked (TVL) of decentralized economic assets (defi) is approaching $8 billion. While there has been a frenzied push towards coin defi and apps over the last few months, dex trade volume has soared.

Data from Dune Analytics shows that nearly $11 billion has been exchanged across dex platforms such as Uniswap, Curve, Balancer and 0x. But Uniswap controlled most of the trade volume and on Monday the exchange captured 62.8% of all dex swaps.

Last weekend Hayden Adams, creator of Uniswap, tweeted about the massive volume trades that have been completed on the platform in the last few days. “Wow, Uniswap’s 24-hour trade volume is higher than Coinbase for the first time,” said Adams. “It’s hard to express how crazy this is,” added the Uniswap founder.

Def supporters congratulate Adams and say: “Congratulations to the Uniswap team”

As of Monday, August 31st, Uniswap still had significant trading volume with $537 million swapped over the last 24 hours. Uniswap earned more than $2 billion in global trade volume over the past seven days.

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