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Uniswap Tops Coinbase in Trading Volume for Fourth Consecutive Month

According to data from CCData, Uniswap, a decentralized exchange running on the Ethereum blockchain, has surpassed Coinbase in trading volume for the fourth consecutive month in April. Although both exchanges saw a decline in trading volume since February, Uniswap remained ahead of Coinbase. The rise in Uniswap's trading volume can be attributed to the depeg of USDC in March, which led traders to turn to on-chain trading venues during a period of uncertainty. Additionally, the price recoveries of Bitcoin and Ether since the start of the year helped boost market sentiment and renewed interest in decentralized finance applications.

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