Uniswap Becomes Top DEX on Polygon as Whale Transactions Heighten
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- Uniswap’s volume jumped to $213 million, making it the number one DEX on Polygon.
- A whale sent 2.2 million UNI into Coinbase but the altcoin price stabilized.
- The RSI and CMF increased and may push UNI into the $4.20 region soon.
Uniswap (UNI) grabbed 42% of all the DEX volume on Polygon (MATIC), making it the top Automated Market Maker (AMM) operating on Polygon. The landmark was shared by Uniswap Labs on X (formerly Twitter). According to the post, Uniswap’s DEX volume was as high as $213 million in the last seven days.
1/ Uniswap is the top DEX by volume on Polygon, with over $213m weekly trade volume
— Uniswap Labs
That’s 42% of all trading volume on Polygon#ScalingSummer continues with @0xPolygonLabs. Time to check out the next @layer3xyz quest!https://t.co/UYDMRcF7iO
(@Uniswap) September 11, 2023
Uniswap Leads
One reason Uniswap was able to achieve the milestone was through the introduction of the Uniswap Wallet. Released in April 2023, the DeFi protocol launched the mobile wallet to provide easy access to the DeFi and scaling solutions available in the industry.
The surge in DEX volume suggests a rise in liquidity. This liquidity incr…
The post Uniswap Becomes Top DEX on Polygon as Whale Transactions Heighten appeared first on Coin Edition.
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