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  2. Cryptocurrency Ecosystem
  3. Decentralized Exchanges (DEX)
  4. Yield farming frenzy pushes Uniswap daily volume over $1 billion

Yield farming frenzy pushes Uniswap daily volume over $1 billion

oliverchloe
2022-10-21 12:03:37

Uniswap has become the first decentralized exchange to tag ten-figure volumes amid a yield farming frenzy and vampire attacks.
A dramatic spike in yield farming activity associated with SushiSwap and similar protocols has seen Uniswap become the first decentralized exchange (DEX) to exceed $1 billion in 24-hour trade volume.

According to crypto data aggregator CoinGecko, Uniswap V2 is currently the third-largest exchange by normalized trade volume with $1.02 billion worth of ERC-20 tokens changing hands over the past day.

Post Reply  
AndreasMAntonopoulos
2022-10-21 12:04:05

Uniswap is the most trusted site to buy crypto tokens. CoinGecko ranks Uniswap below only Binance and OKEx, who represent $6.25 billion and $1.10 billion in daily trade volume.