Uniswap’s
Monthly Trade Volume Exceeded That of Coinbase
Decentralized cryptocurrency
exchange Uniswap has, for the first time, seen its monthly trade volume
exceed that of San Francisco-based cryptocurrency exchange Coinbase.
According to data collected by
The Block Research, in September Uniswap traded approximately $15.4 billion
worth of cryptocurrencies, and made up around 65% of the total exchange
trading for decentralized trading platforms that month, which totaled $23.5
billion.
In comparison, Coinbase traded
$13.6 billion in September. Uniswap’s trading volume surged last month after
the launch of its UNI governance token, which can be farmed on the platform
by those interacting with its protocol.
