$90,795.00
-0.58%$3,152.38
1.13%$239.54
9.43%$642.59
3.23%$1.091
10.30%$0.365772
-3.21%$1.00
0.07%$3,148.66
1.14%$0.725133
1.02%$0.197638
3.50%$36.52
5.51%$0.00002505
-2.06%$5.62
4.06%$3,727.64
1.10%$90,525.00
-0.58%$3.79
0.34%$3,155.79
1.22%$0.00002183
-0.34%$14.50
2.81%$450.20
3.30%$5.66
7.74%$6.05
-1.85%$7.65
-0.85%$90.96
4.92%$12.48
1.89%$0.202381
32.75%$3,321.45
1.31%$9.08
3.10%$1.001
1.29%$9.74
7.37%$0.160338
-4.56%$27.30
15.49%$3.90
3.74%$520.02
-0.93%$0.151478
3.30%$0.00005258
26.93%$1.31
0.86%$0.423728
5.64%$0.086267
-4.54%$1.001
-0.04%$22.12
-0.64%$3.41
47.58%$1.95
1.24%$7.21
0.82%$0.709238
13.40%$150.98
1.65%$45.93
4.27%$4.59
7.93%$26.85
8.26%$0.00027057
6.01%$1.002
0.02%$170.39
2.07%$0.743876
1.74%$0.02994133
10.30%$5.95
11.74%$0.541705
4.93%$1.36
4.25%$1.79
11.80%$5.36
6.16%$0.758482
4.16%$5.77
2.73%$1.38
-1.59%$0.201377
1.25%$3,155.98
1.10%$1.86
0.17%$0.174726
-1.06%$1.26
11.73%$0.591992
8.13%$5.76
16.79%$3,530.94
1.22%$1.62
-11.81%$0.440179
3.78%$0.192829
-4.60%$2.38
1.96%$1.52
7.20%$3,300.17
1.13%$90,511.00
-0.65%$3,228.68
1.12%$0.977638
6.65%$69.36
4.27%$1,526.19
5.23%$90,767.00
-0.67%$11.01
1.05%$296.64
10.04%$9.90
3.00%$0.02399556
11.15%$1.22
6.16%$18.54
3.74%$82.97
26.97%$0.02945391
10.21%$0.02167172
6.27%$0.02261452
6.48%$1.22
3.99%$0.00000113
1.46%$0.01218778
7.02%$0.00000272
-1.83%$6.13
3.78%$0.671474
5.15%$3,151.89
1.37%$3.08
-0.48%$0.423816
7.01%$0.471643
4.70%$90,463.00
-0.60%$0.644668
1.53%$252.65
9.51%$1.39
-0.51%$1.31
3.05%$0.989126
5.59%$90,503.00
-0.53%$0.00004586
1.38%$5.50
2.81%$0.0021345
-3.23%$12.65
6.15%$11.08
-7.34%$90,753.00
-0.34%$5.76
7.42%$0.775509
-1.73%$0.362866
20.64%$31.10
5.11%$0.822625
7.06%$38.99
0.87%$1.26
1.96%$1.13
-3.71%$0.686174
3.10%$3.27
-3.03%$0.137107
2.17%$0.00755011
2.50%$0.406957
11.85%$0.367427
-2.75%$0.998983
-0.09%$0.0108346
3.12%$0.157784
6.48%$3,150.60
1.03%$3,238.33
1.19%$0.255306
6.69%$0.00683253
28.11%$260.40
2.81%$44.20
13.56%$243.25
9.59%$0.072466
5.05%$2.70
-2.68%$2.18
3.46%$0.997553
0.18%$0.760647
10.38%$0.00927005
-0.51%$3,155.87
1.23%$0.04270023
29.56%$2,566.66
-0.01%$1.38
6.30%$0.632256
3.47%$0.645938
-13.12%$0.00011267
10.20%$0.658213
-0.11%$18.41
6.01%$0.01334067
3.10%$1.31
3.38%$0.165052
2.45%$32.95
4.91%$3,414.52
1.06%$0.570433
-4.39%$0.082472
-0.39%$0.15081
5.07%$1.68
5.23%$1.95
4.89%$0.081646
0.10%$1.50
4.35%$1.074
0.34%$0.534268
-5.48%$1.00
0.06%$9.25
3.27%$0.259218
3.37%$0.00000025
0.42%$90,777.00
-0.44%$3,151.21
0.88%$4.30
-2.07%$2,567.08
-0.08%$0.00146703
-6.79%$0.999887
0.22%$3,151.55
1.31%$0.065675
8.68%$0.00000049
1.57%$0.441361
10.08%$0.159363
5.32%$0.070915
19.70%$90,939.00
-0.32%$0.255504
-1.43%$52.92
5.02%$2.48
0.77%$0.0474855
-12.24%$3,153.04
1.05%$90,482.00
-0.58%$0.01480772
1.71%$9.03
3.85%$1.061
2.44%$0.385142
31.23%$0.999809
0.03%$0.052379
5.29%$3,152.18
1.09%$3.75
4.35%$0.987374
1.63%$0.00126238
0.39%$98.90
-0.57%$3,381.56
1.26%$0.0050294
14.27%$0.399188
59.21%$0.329293
11.17%$6.65
1.03%$0.995726
-0.07%$11.19
4.51%$1.067
-0.04%$0.964689
21.47%$0.04208194
3.79%$0.309654
5.14%$0.00749376
4.39%$3,296.14
1.48%$0.00
-4.50%$0.02273811
-16.31%$3.00
9.07%$0.01995747
8.23%$0.00214435
1.65%$3.51
6.04%$0.73069
-0.86%$3,470.71
1.11%$1.002
-0.22%$0.661655
3.63%$1,822.96
-0.60%$0.363255
28.62%$42.65
5.81%$1.002
0.24%$0.3572
3.06%$0.513587
8.60%$1.66
0.41%$29.17
4.17%$90,597.00
-0.61%$0.0000514
-0.58%$3,347.87
1.26%$1.66
7.78%$21.80
6.12%$1.31
7.52%$0.03403223
0.31%$0.065719
1.16%$5.08
4.25%$0.00063784
0.25%$90,101.00
-0.35%$0.387951
4.89%$0.369987
4.93%$0.03291376
3.98%$3.09
5.72%
Uniswap’s daily trading volume today hit new highs—surpassing Coinbase Pro’s daily volume for the first time.
The Ethereum-based decentralized exchange and liquidity provider’s trading volume stood at over $441 million at the time of writing, according to its online stats. That’s a 70% increase in the past 24 hours.
Meanwhile, the 24-hour trading volume of Coinbase Pro—Coinbase’s full-service crypto exchange—stood at just over $373 million, according to CoinMarketCap data.
Both Uniswap and Coinbase were still dwarfed by the 24-hour trading volume of Binance, however, which today was nearly $6.5 billion.
The surge in Uniswap’s trading volume is likely down to the surge in interest in ERC20 tokens, and the broader rise of DeFi, or decentralized finance. On Uniswap, users can swap ERC20 tokens at will, reducing the need for a counterparty.
As decentralized finance’s (DeFi) popularity has surged, so has the interest in the tokens needed to participate in the protocols. YFI, the governance token that runs yearn.finance, for example, last night hit $38,682—nearly four times the price of Bitcoin. (Granted, its high price is due in part to its tiny token supply).
🤯 Wow, @UniswapProtocol 24hr trading volume is higher than @coinbase for the first time ever
🦄 Uniswap: $426M
🏦 Coinbase: $348MHard to express with how crazy this is. pic.twitter.com/48o0xRkiUo
— Hayden Adams 🦄 (@haydenzadams) August 30, 2020
The ERC20 token craze is thought to be unsustainable by some, however. Andre Cronje, the creator of YFI, said yesterday that the huge amount of people buying and selling governance tokens was driving the DeFi boom—and wouldn’t last long.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
