Uniswap Takes 47% of Stablecoin DEX Volume

Uniswap’s V3 and V4 deployments processed $76.2 billion in stablecoin trading volume across 35 decentralized exchange venues over the past 30 days, according to Token Terminal. PancakeSwap ranked second with an 8.7% share.

USD Coin accounted for 52.1% of the recorded volume, making it the largest source of liquidity in the market. Ethereum and Solana together represented nearly half of the activity on their respective networks.

Aerodrome, the largest decentralized exchange on Coinbase’s Base network, recorded more than $2 billion in cumulative trading volume for Coinbase’s tokenized stocks, according to RWA.xyz. The platform reached its second $1 billion in half the time it took to reach its first $1 billion.

Aerodrome handled about $1.4 billion of the $1.5 billion in tokenized stock trading volume recorded across venues over the past 30 days. Trading activity increased after Aerodrome launched on Aug. 24, based on the available data.

Tokenized stock market capitalization also rose across several blockchain networks over the past 24 hours. BNB Chain recorded the largest increase, at $43.6 million, followed by Avalanche with a $29.7 million gain.

X Layer added $5.6 million, while Solana and Ethereum recorded increases of $4.8 million and $4.3 million, respectively.