ATH reaches uniswap of almost 12 billion USD trading volume in the middle of the USDC crisis
ATH reaches uniswap of almost 12 billion USD trading volume in the middle of the USDC crisis
The decline of centralized units has had a good impact for their decentralized counterparts. At the weekend, USDC experienced a considerable trading volume on several decentralized stock exchanges.
uniswap, for example, reached his highest daily volume so far at $ 11.84 billion. But it is not the only decentralized protocol that has proven itself.
decentralized stock exchanges have impressive growth
The development takes place against the background of the USDC-de-Pegging event from Circle, which took place on the weekend after the collapse of Signature, Silvergate and the Silicon Valley Bank.
Several centralized crypto exchanges, including Binance, Coinbase, Crypto.com and Bitpay, stopped payments and automatic conversions in the stablecoin. As a result, the stable coin prices fluctuated heavily and the gas fees rushed up, as investors hurried to decentralized units to exchange USDC for packaged ether and other tokens.
Even the popular Dex Curve Finance, which is designed for swapping stablecoins, recorded its largest daily trade volume of almost $ 8 billion, while $ 952,000 are accumulated in fees. Sushiswap also experienced an increase in activity and was used at the same time at one of the most frequently used Smart contracts of the top ethereum whales.
contact Defi
for larger collapseThe decentralized financial sector (Defi), which relies on intelligent contracts instead of intermediate dealers in the provision of financial services, has experienced enormous growth in recent years.
After the successive collapse last year, trust in centralized institutions is at an all -time low. Defi, on the other hand, has experienced a kind of revival.
A recently published report by Coingecko indicated that the financing for centralized projects seems to have reached the saturation point, since defi projects recorded increased financing, even when the market was shifted from Hausse to Bär.
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