Uniswap Q2 spot trading volume reached $110 billion, surpassing Coinbase for two consecutive quarters

Odaily Planet Daily News According to data shared by Ryan Rasmussen, a researcher at Bitwise, an encrypted asset management company, Uniswap processed approximately US$110 billion in transactions in the second quarter of this year, and the transaction volume once again surpassed Coinbase (approximately US$90 billion). In terms of quarterly spot transaction volume, Uniswap surpassed Coinbase for the first time in Q1 this year (the transaction volume of the two is approximately US$155 billion and US$145 billion, respectively). Coinbase’s spot trading activity during the bear market declined significantly, down 83% from about $540 billion in the fourth quarter of 2021; Uniswap’s trading volume fell by half from $235 billion in the same period, showing a certain degree of resilience in relative terms. (The Defiant)