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News Explorer — Uniswap Overtakes Coinbase in Daily Volume, Quadruples PancakeSwap

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May 10, 4:35 pm

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Uniswap Overtakes Coinbase in Daily Volume, Quadruples PancakeSwap

Uniswap, a decentralized exchange, has overtaken Coinbase in daily volume over the past few days, with Uniswap seeing $2.2 billion on May 5 compared to Coinbase’s $1.3 billion. Uniswap has been engaged in fierce competition for second place in trading volume since last year, and has seen two months in a row–February and March–of higher trading volume than its centralized competitor. Uniswap is the premier decentralized trading spot for users, quadrupling its closest competitor, PancakeSwap over the past seven days.

Uniswap, a decentralized exchange, has overtaken Coinbase in daily volume over the past few days, with Uniswap seeing $2.2 billion on May 5 compared to Coinbase’s $1.3 billion. Uniswap has been engaged in fierce competition for second place in trading volume since last year, and has seen two months in a row–February and March–of higher trading volume than its centralized competitor. Uniswap is the premier decentralized trading spot for users, quadrupling its closest competitor, PancakeSwap over the past seven days.

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