Uniswap’s Monthly Trading Volume Surpasses That Of Coinbase

Crypto traders are migrating to decentralized finance amid regulatory crackdowns from US Securities and Exchange Commission. Many crypto firms have been facing regulatory crackdowns from SEC include Ripple, Binance, and Kraken. Regulatory crackdowns create uncertainty among crypto traders and investors. Uniswap the largest decentralized exchange platform sees massive increase in trading volume. Uniswap had $71 billion trading volume in March. Whereas, Coinbase had 49.4 billion in trading volume in the same month.

According to Defillama, Uniswap's monthly trading volume was $71 billion in March.