Uniswap trading volume reaches $3b despite SEC claims
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 DEX did not record a decline in the indicator amid news of a possible legal confrontation with the U.S. SEC.
According to available statistics, the increased risk of legal confrontation with the SEC 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 (TVL) was $6.62 billion, and the platform’s market capitalization was $5.65 billion.
However, the Uniswap token (UNI) rate has not boasted positive dynamics. Over the past week, the token’s value fell by 37.5%, according to CoinMarketCap. On April 10, the UNI price was $11, but dropped 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.
On April 10, Uniswap CEO Hayden Adams stated 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 increased its commissions after news of a possible SEC lawsuit from 0.15% to 0.25%.
