.Uniswap's crypto-trading market share topped coinbase's last month amid $USDC depeg, U.S. regulatory scrutiny of centralized exchanges. LedesmaLyllah reports
– down from their customary price of $1, prompting a flurry of DEX trading as scared investors shifted money around. Amid that crisis, Uniswap saw $13.3 billion of volume on March 11, whereas Coinbase had $1.7 billion.
CCData noted in an email to CoinDesk that Uniswap has previously seen big spikes like this during times of turmoil, only to see things quiet down – suggesting Uniswap may not maintain its lead over Coinbase, the largest U.S. exchange.
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