DeFi Weekly Exchange Volume Hits $32 Billion Amid FTX Collapse
The shockwaves from FTX’s historic collapse are still being felt across the industry today, but some industry segments, like DeFi, are actually doing better because of it. Trading volumes on decentralized exchanges (DEXs) hit a whopping $32 billion over the last seven days, according to data from Dune Analytics.
The lion’s share of the volume comes from Uniswap, which accounts for $20.9 billion of the trades made over the same period. On November 8, volumes on Uniswap more-than-tripled from the day before. That was the same day Binance announced it had signed a non-binding agreement to bail out FTX for an undisclosed amount. Many exchanges posted an overnight doubling of trade that day, including Curve, which went from $700 million to $1.3 billion.
Source
@TradeCryptoNow
