TheBlock empirical evidence reveals that the Open Uniswap network has exceeded the turnover of Coinbase, a crypto-exchange in the USA. Trading volumes for the past months were $15,371 and $13.6 billion, respectively.
This shows that DeFi continues to gather traction, while most decentralized finance initiatives experience a significant rollback from their historic height.
Uniswap (UNI) Trading Volume Is Higher Than On Coinbase and Kraken
Decentralized exchanges and the DeFi ecosystem pull funds to their side, leaving centralized exchanges out of business.
About Uniswap
Uniswap has grown from a simplistic proof of concept backed by Ethereum Foundation grants to decentralization in the sum of millions of dollars generated in just three years by an unexploited Ethereum developer.
It is one of the wealthiest in the country, financing hundreds of millions of dollars a day. It has donated over $60 million to its more than 40,000 single liquidity suppliers, who have invested $2 billion in the liquidity produced by their company.
