Recent data shows that the DeFi drove Uniswap so far that it surpassed Coinbase Pro in daily volume for the first time on 30 August.
Data provided by Dune Analytics shows that the DeFi drove Uniswap. During September, the decentralised exchange, Uniswap, processed USD15.371 billion in volume. In the same period, reports indicate that Coinbase processed USD 13.6 billion.
The significant increase in Uniswap’s volume can be attributed to two main factors. First, the explosive growth of the DeFi ecosystem and the yield farming of governance tokens made decentralised exchanges flourish. Second, the launch of Uniswap’s governance token, UNI, caused a major stir on the platform.
June marked the beginning of the „madness“ over DeFi’s governance tokens, with the Compound COMP token kicking off the phenomenon. The process is relatively simple: DeFi users „cultivate“ new governance tokens by staking out various crypto currencies, such as Ether (ETH).
In this sense, data confirms that, DeFi drove Uniswap. Outperforming Coinbase Pro in daily volume for the first time on 30 August. Since then, it has maintained a high level of competitiveness with the main US exchange. At the end of August, Uniswap’s creator, Hayden Adams, said
„Wow, Uniswap’s 24-hour trading volume is higher than Coinbase for the first time in history. Uniswap: USD 426 million, Coinbase: USD 348 million It’s hard to express how crazy this is.
Online course launched to learn about DeFi in Argentina
The University of CEMA. The course will develop in detail the new structure of Personal Finance 2.0 or Decentralised Finance, the DeFi, which offers the possibility of managing personal finances, and even those of Companies, through innovative financial instruments, supported by structures of Fintechs and innovative financial entities, and on decentralised networks of Stablecoins and Crypto-currencies.
Designed for all those who are interested in finance, with a special emphasis on Cryptomoney, the workshop will have a theoretical and practical focus that will allow participants to experience these tools first hand, while incorporating fundamental theoretical knowledge when making financial decisions.
Furthermore, according to the University, no previous knowledge of this subject or of financial tools or technical analysis is required in order to attend and understand the concepts to be learned.
Due to the COVID-19 pandemic, the executive programme will be distance and online, in 5 live classes on Thursdays, starting on October 8.