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While Uniswap lingers, DEXs pick up steam as trading volumes soar
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Uniswap is already in a tough position when it comes to the spot market. In fact, it is trying its hardest to hold on to the #15 rank. On the other hand, its performance in DeFi is slowly becoming a matter of concern.
But, as Uniswap takes a hit, the rest of the DEX market seems to be picking up.
This week was particularly good for Decentralized Exchanges (DEXs). While the DeFi space is still a developing section of the crypto space, it has managed to rake in good numbers over the last couple of weeks.
Amazingly, this week DEXs total trading volume witnessed a 33.3% sharp increase within a week as it crossed $43.8 billion. The most gains, not surprisingly, came from PancakSwap which was up by 56.71%. Further, while Uniswap gained a solid 40%
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