Uniswap volumes approach $3 billion despite Wells Notice | Headlines | News | CoinMarketCap
04/16/2024 02:26
April is proving to be a month to remember for Uniswap. For starters, the decentralized exchange powerhouse crossed $2 trillion in total trading …
April is proving to be a month to remember for Uniswap.
- For starters, the decentralized exchange powerhouse crossed $2 trillion in total trading volume on April 5, solidifying its status as a major DEX player as competition heats up across networks, particularly on Solana, where Uniswap does not have a presence.
- On a more sour note, the platform got served a Wells notice from the Securities and Exchange Commission on April 10, with many thinking this signaled the start of a war on DeFi.
The SEC going after crypto is nothing new, but in the past, we've primarily seen big-name cases for the agency being brought against centralized players.
- Uniswap is somewhat of a unique case. Many crypto platforms have backed off from U.S. clientele due to fears of stringent regulatory …