{"id":169271,"date":"2021-02-02T23:15:00","date_gmt":"2021-02-02T20:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/led-by-uniswap-decentralized-exchange-volumes-soared-above-50b-in-january\/"},"modified":"2021-02-02T23:15:00","modified_gmt":"2021-02-02T20:15:00","slug":"led-by-uniswap-decentralized-exchange-volumes-soared-above-50b-in-january","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/led-by-uniswap-decentralized-exchange-volumes-soared-above-50b-in-january\/","title":{"rendered":"# Led by Uniswap, decentralized exchange volumes soared above $50B in January"},"content":{"rendered":"<p>&#8220;<strong># Led by Uniswap, decentralized exchange volumes soared above $50B in January <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Decentralized finance (DeFi) has emerged as one of the driving forces of crypto sector growth, and it is also establishing itself as an integral component driving widespread adoption of cryptocurrencies.\u00a0<\/p>\n<p>A recent report from Delphi Digital points out that there has been a 440% increase in \u201cthe circulating market cap of leading DEX protocols over the past 30 days,\u201d which has also led to \u201cthe trading volume they facilitate to rise along with them.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/af3277ce-95d6-491c-a5dd-6bc8d19036d6.png\"><figcaption style=\"text-align: center;\"><em>Circulating market cap of DEX protocols. Source: Delphi Digital<\/em><\/figcaption><\/figure>\n<p>DEX volume in January 2020 set a new all-time high combined total above $55 billion, more than double the previous high of $26 billion in September 2020. <\/p>\n<p>Uniswap currently dominates the field, with a total of $29.5 billion in volume in January, representing 45% of the volume traded by all DEXes, while its top competitor, SushiSwap, accounted for 22% of the total volume, with $12.2 billion transacted. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/8dcfb2c3-63d7-4340-be56-e8dc9058b24a.png\"><figcaption style=\"text-align: center;\"><em>Monthly DEX trading volume. Source: Delphi Digital<\/em><\/figcaption><\/figure>\n<p>The total value locked (TVL) on DEX platforms has also reached a new all-time high value of $9.948 billion as of Feb. 2, comprising 36% of the total $27.785 billion locked on all DeFi-related platforms. <\/p>\n<p>Uniswap once again leads all DEXes in terms of TVL, with $3.18 billion locked on the protocol, while Curve DAO came in second with $2.97 billion, followed by SushiSwap, which has $2.34 billion. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/eb4e5911-2754-46c0-b213-73ea5c28ea0e.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Total value locked in DEXs. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defipulse.com\/\"><em>DeFi Pulse<\/em><\/a><\/figcaption><\/figure>\n<p>As discussed by Delphi Digital, both the Uniswap and SushiSwap protocols have built-in fee structures that allow tokenholders the opportunity to stake their UNI or SUSHI and earn rewards. <\/p>\n<p>Incentives like these help to further promote the growth of DEXs and DeFi in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> as decentralized protocols look to claim more of the available market share from centralized exchanges. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/led-by-uniswap-decentralized-exchange-volumes-soared-above-50b-in-january\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Led by Uniswap, decentralized exchange volumes soared above $50B in January &#8221; Decentralized finance (DeFi) has emerged as one of the driving forces of crypto sector growth, and it is also establishing itself as an integral component driving widespread adoption of cryptocurrencies.\u00a0 A recent report from Delphi Digital points out that there has been&#8230;<\/p>\n","protected":false},"author":1,"featured_media":169272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZjlhOThkMWMtMDE3Yi00ZjIwLWE5YjAtYWY1YzRiNTc2MWYwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74863,74860,74868,75916,74939,89215,88700,73785,70918],"class_list":["post-169271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-dex","tag-market-analysis","tag-sushiswap","tag-uniswap","tag-markets","tag-sushi"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/169271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=169271"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/169271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/169272"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=169271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=169271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=169271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}