DEX Liquidity hits new all-time high! DEX Liquidity hits new all-time high, with UniSwap’s dominance over the Ethereum DEX sector continuing to grow. The amount of collateral on DEX’s is approaching $10 billion, with Uniswap sitting at the top of the list.
Volumes and liquidity on decentralized exchanges have surged in 2021. According to Dune Analytics, Uniswap’s dominance over the Ethereum-powered DEX is growing, with the exchange hosting roughly $6.5 billion dollars-worth of weekly trade.
SushiSwap, a rival DEX of UniSwap, is second place by volume. SushiSwap was formed in late August 2020 as a UniSwap fork, and they’ve apparently got big plans for 2021. They currently hold 15.2% of the sector’s total trade.
The third DEX is Curve Finance holding 6.2% of the marketshare.
Decentralized Finance (DeFi) is growing at an unprecedented rate, with volumes in 2021 dwarfing that of the entirety of 2020. 1Inch exchange is currently top in terms of volumes with a little over $1 billion in the past seven days.
DeFi volume for March has already reached $44.3 billion, more than October and November 2020 combined.
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