Decentralized exchange Uniswap has surpassed Coinbase in daily trading volume, with the difference in volume continuing to rise over the past few days. Uniswap, which has three different versions across six different blockchains, has been engaged in fierce competition with Coinbase for second place in trading volume since last year. While the trading volume over the past few days may be fueled by the hype around meme coin Pepecoin, Uniswap has previously beaten Coinbase on volume several times in 2022. Uniswap is currently the premier decentralized trading spot for users, accounting for 61% of all DeFi trading over the past 7 days.
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Uniswap Overtakes Coinbase in Daily Volume Amid Pepecoin Craze
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Cointime August 4 News Express
1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX -
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches. -
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Donald Trump Plans to Release Fourth NFT Collection, Embraces Crypto Industry
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Coinbase Chief Legal Officer: US SEC blocks Coinbase’s request to disclose Gary Gensler’s communication documents
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The listing of spot ETFs has caused Coinbase's Bitcoin reserves to decline rapidly since February
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Cointime May 25 News Express
1. British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office
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