Finally CoinbaseAnd BinanceThe SEC has severely impacted the daily trading volume on decentralized exchanges.
SEC‘of CoinbaseAnd Binanceafter its legal proceedings against the decentralized exchanges ( DEX ) trade volume has increased by 444 percent in the last 48 hours. According to data from CoinGecko, Uniswap v3 (which accounts for 53 percent of the total DEX trading volume in the last 24 hours) Ethereum), Uniswap v3 ( Arbitrum) and PancakeSwap v3 ( BSC), the total daily trading volumes on ) increased more.
SEC’s Recent Moves Have Destabilized Many Data
Trading volume on Curve, the DEX platform that enables stablecoin trading, increased by 328%. As of writing, most of the trading activity on Curve is on stablecoins.
With DEX volumes increasing rapidly, Binance The difference between the value of assets entering and exiting the stock market in , reached an astonishing $ 778 million. It is also important that the current net outflows are still much lower than the total reserves of the stock market. The next moves of the SEC, which affected dozens of data related to the crypto industry, were a matter of curiosity.
