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