UniSwap ranks first in the ranking of decentralized crypto exchanges (DEX) in terms of trading volume. This platform has been leading the DeFi market for the past few years.
In April, the amount of transactions with digital assets on UniSwap exceeded $1.5 trillion, according to data from Dune Analytics.
The tightening of crypto regulation in the US and the banking crisis have led to a massive shift of investors to decentralized exchanges.
In the first quarter of 2023, DEX user activity increased monthly. The largest capital moved to UniSwap, where traders began converting the USDC stablecoin into tokenized ether and other digital assets.
The exchange is experiencing a sharp increase in the number of transactions. The number of unique users participating in transactions daily has approached 85,000, the highest number since May 2021.
According to the DeFiLiama service, the value of funds blocked in the decentralized finance market increased to $48.24 billion on April 25.
The protocols that have accumulated the largest capital in the ecosystem are Lido, MakerDAO and AAVE – $11.6 billion, $7.42 billion and $5.23 billion, respectively.
