How Uniswap’s WoW revenue jumped amid USDC-TradFi FUD
Panic spread across the crypto ecosystem as Circle [USDC] opened up about its exposure to the Silicon Valley Bank (SVB) contagion. And as expected, the market experienced a brief downside.
But the despair was not without ecstasy as Decentralized Exchange (DEX), Uniswap [UNI] made a 63% Week-on-Week (Wow) hike in supply-side fees and overall revenue.
Realistic or not, here’s UNI’s market cap in USDC’s terms
According to Token Terminal, the trading volume was the catalyst responsible for the increase. The trading volume here represents investors’ participation in using the Uniswap platform for transactions.
It is, however, noteworthy to mention that the total network fees milestone was only possible because of the USDC weekend depeg.
<p lang=«en» dir=«ltr» xml:lang=«en»>yesterday's spike in trading activity pushing @Uniswap's week over week growth Read more on ambcrypto.com
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