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DEX Collaterals Hits Milestone Highs Of Over $10 Bln - Uniswap Still Tops.
2021-03-22 | Robin Williams
“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.
