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02
Sep, 2020

Uniswap Surpasses Coinbase Pro in Trading Volume

Uniswap is the largest decentralized crypto exchange based on Ethereum. According to the exchange’s resources, its trading volume on August 30 reached $ 426 million while on the same day, Coinbase Pro, the B2B arm of Coinbase, reached $ 350 million.

 

The exchange’s surge is not a random event as the market trend around DeFi (Decentralized Finance) is positive. DeFi, in simple words, is every financial medium and tool which is used for financing a crypto project, mainly through the Ethereum network.

 

Until today, the overall amount in non-liquidated DeFi contracts is almost $ 1 billion. Those numbers show the need in the business world for new direct financing tools, especially for crypto projects. The DeFi's surge is expected to affect Ethereum and its price, showing the path for new capitals in the crypto space.