Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: MRM on September 03, 2020, 08:18:57 PM
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The DEX is putting up incredible numbers, but the hype could be short-lived thanks to SushiSwap’s “vampire mining” tactics.
Decentralized exchange (DEX) Uniswap has had a wild week. Fueled by the frenzy over decentralized finance (DeFi)—and some help from a forked project that ultimately aims to supplant Uniswap—the DEX has climbed more than 600% in terms of both liquidity and total volume.
In the process, Uniswap has also surpassed a couple of key competitors. According to data from CoinGecko, Uniswap has topped centralized competitor Coinbase Pro in terms of daily volume.
Source: https://decrypt.co/40671/uniswap-moves-billions-to-pass-coinbase-maker-in-defi-metrics
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The DEX is putting up incredible numbers, but the hype could be short-lived thanks to SushiSwap’s “vampire mining” tactics.
Decentralized exchange (DEX) Uniswap has had a wild week. Fueled by the frenzy over decentralized finance (DeFi)—and some help from a forked project that ultimately aims to supplant Uniswap—the DEX has climbed more than 600% in terms of both liquidity and total volume.
In the process, Uniswap has also surpassed a couple of key competitors. According to data from CoinGecko, Uniswap has topped centralized competitor Coinbase Pro in terms of daily volume.
Source: https://decrypt.co/40671/uniswap-moves-billions-to-pass-coinbase-maker-in-defi-metrics
September 03, Coinbase Pro’s 24-hour volume sits at $797.5 million, while Uniswap has $1.028 billion in volume over the same period. Granted, it’s still a far cry from the 24-hour volume of the top centralized exchange, Binance, which sits at $6.8 billion. Still, taking out the #2 centralized exchange is no small feat.