Uniswap

April

The average daily trading volume on the Uniswap decentralized exchange has approached $3 billion over the past week. 
According to DefiLlama, between April 10 and April 15, Uniswap’s average daily trading volume was $3.08 billion. 
Breaking the $3 billion mark indicates that <a href="https://crypto.news/tag/dex/" target="_blank" rel="">DEX</a> did not record a decline in the indicator amid news of a possible legal confrontation with the U.S. SEC. 
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 <img loading="lazy" decoding="async" width="1024" height="582" src="https://crypto.news/app/uploads/2024/04/Screenshot-2024-04-16-at-16.34.06-1024x582.png" alt="Uniswap trading volume reaches $3b despite SEC claims - 30"> 
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According to available statistics, the increased risk of legal confrontation with the <a href="https://crypto.news/tag/sec/" target="_blank" rel="">SEC</a> has not deterred users. There was no significant decline in trading volume; this figure has remained from $2.6 billion to $3.9 billion for the last five days. 
As of April 16, the total value locked (<a href="https://crypto.news/tag/TVL/" target="_blank" rel="">TVL</a>) was $6.62 billion, and the platform’s market capitalization was $5.65 billion. 
 You might also like: <a href="https://crypto.news/uniswap-trading-volume-record/" rel=""> Uniswap all-time trading volume hits $2t </a> 
However, the Uniswap token (<a href="https://crypto.news/price/Uniswap/" target="_blank" rel="">UNI</a>) rate has not boasted positive dynamics. Over the past week, the token’s value fell by 37.5%, according to <a href="https://crypto.news/tag/CoinMarketCap/" target="_blank" rel="">CoinMarketCap</a>. On April 10, the UNI price was $11, but <a href="https://crypto.news/uniswap-nosedives-16-on-news-of-wells-notice/" target="_blank" rel="">dropped</a> below $6 three days later. At the time of writing, UNI is trading at $7.15, having fallen in price by 8% over the last 24 hours. 
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 <img loading="lazy" decoding="async" width="1024" height="550" src="https://crypto.news/app/uploads/2024/04/Screenshot-2024-04-16-at-16.26.33-1024x550.png" alt="Uniswap trading volume reaches $3b despite SEC claims - 31"> 
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 Source: CoinMarketCap
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On April 10, <a href="https://crypto.news/tag/Uniswap/" target="_blank" rel="">Uniswap</a> CEO Hayden Adams <a href="https://crypto.news/sec-serves-wells-notice-to-uniswap/" target="_blank" rel="">stated</a> that the agency had provided his team with a Wells notice. Typically, such a letter is sent before filing a formal lawsuit or to give a final opportunity to refute any allegations. 
The exchange also <a href="https://support.uniswap.org/hc/en-us/articles/20131678274957-What-are-Uniswap-Labs-fees" target="_blank" rel="">increased</a> its commissions after news of a possible SEC lawsuit from 0.15% to 0.25%. 
 You might also like: <a href="https://crypto.news/crypto-industry-furious-as-sec-goes-after-uniswap/" rel=""> Crypto industry furious as SEC goes after Uniswap </a>

Uniswap trading volume reaches $3b despite SEC claims

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