DEX Collaterals Hits Milestone Highs Of Over $10 Bln - Uniswap Still Tops.

DEX Collaterals Hits Milestone Highs Of Over $10 Bln - Uniswap Still Tops.

2021-03-22 | Robin Williams

DEX Collaterals Hits Milestone Highs Of Over $10 Bln - Uniswap Still Tops.

The amount of collateral on the DEX [Decentralized Exchanges] is nearing a milestone high of $10 Bln, with Uniswap still sitting at the highest of the heap. Volumes & liquidity on decentralized exchanges has surged within this year in 2021, with collateral approaching a milestone high of $10 Bln, consistent with research by Messari. Researcher Rahul Rai outlined that DEX volumes for February soared to a record high of $72 Bln. Dappradar reports that Uniswap has over half the entire liquidity locked up in DEXes with a TVL of $5.4 Bln. Rai added that despite their success, automated market makers face their own set of challenges:
“A number of inherent problems like impermanent loss [IL], capital efficiency, slippage, gas costs, speed, and multi-token exposure are holding them back.”
In line with Dune Analytics, Uniswap’s dominance over the Ethereum-powered DEX sector is growing, with the exchange hosting roughly $6.5 Bln worth of weekly trade or 62.2% of combined trade across Ethereum DEXes. Rival DEX SushiSwap, which was spawned earlier in the month of August last year as a Uniswap fork and has big plans for 2021, is a second place by volume - with $1.6 Bln in weekly trade or 15.2% of the sector's total trade. Curve Finance is third in terms of market share with 6.2%, hosting $647 Mln worth of trade the past week. DeFi aggregators are growing at an unprecedented rate, with volumes thus far this year already dwarfing that of everything of last year in 2020. The 1inch exchange is presently top in terms of volumes with a touch over $1 Bln within the earlier week, consistent with Dune Analytics. The sector’s combined volume for March has already tagged $44.3 Bln – even more than in October & November 2020 combined.

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