- Uniswap, a prominent decentralized exchange (DEX), has consistently surpassed Coinbase, a major centralized exchange, in spot trading volume throughout 2023.
- #Uniswap processed approximately $110 billion in trades during Q2, while Coinbase recorded $90 billion in the same period.
- This marks the second consecutive quarter where Uniswap's #trading volume exceeded Coinbase's. In Q1, Uniswap facilitated around $155 billion in trades compared to Coinbase's $145 billion.
- Despite the ongoing bear market, Uniswap's trading volume has shown resilience, dropping by half from Q4 2021, while Coinbase experienced an 83% decline during the same period.
- Uniswap's UNI token is down 10% in 2023 and remains significantly below its all-time high in May 2021.
- Uniswap is working on expanding its #market share through new products like Uniswap v4 and the introduction of UniswapX, a #DEX aggregation #protocol aimed at providing better prices and protection against Maximal Extractable Value.
