Uniswap and DeFi Exchanges Are the Winners of Ethereum’s Market Crash
- During the market selloff last week, the trading volume on DEX sky-rocketed.
- Uniswap benefited the most from Ethereum’s market crash.
Uniswap and decentralized exchanges are the winners of Ethereum’s market crash. ETH’s 70% drop from its ATH pushed DEX volumes and daily trader numbers into record while battle-testing stablecoins.
Last week, the crypto market crashed. Major cryptos like downshifted from ATH of $4,357 to $1,853. However, some DEX started recovering from the losses. Also, Ethereum and some DeFi assets recover some of the losses.
Concerning this, Glassnode, the crypto aggregator, said there are bright spots in the DeFi ecosystem. This includes stablecoins and liquidity.
This article was first published on coinquora.com
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.