Uniswap captures 47% of stablecoin DEX volume as Aerodrome stocks hit $2B
Photo: AMBCrypto
Stablecoin trading is strengthening Uniswap’s [UNI] position in decentralized finance [DeFi]. This comes as traders increasingly move to use DEXs to move dollar-pegged assets. Over the past 30 days, this activity generated over $161 billion across 35 venues. Of that lot, Uniswap V4 and V3 captured $76.2 billion. Notably, the $76.2 billion figure represents 47.2% of all stablecoin volume. The heavy concentration of stablecoin liquidity on Uniswap has further entrenched its dominant market position in both trading and token swap functionality. Pancakeswap [CAKE] currently holds second place at 8.7%.
Source: AMBCrypto
