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Clara Medalie Profile picture
Clara Medalie
@Clara_Medalie
Director of Research @ Kaiko | CeFi, DeFi, TradFi, and more... Subscribe to our newsletters here📈: https://t.co/qpvUjMrLko
Jul 18, 2022 • 5 tweets • 2 min read
Uniswap and Coinbase now have nearly equal daily volumes.

27% in January--> 49% today. This strong shift in market structure comes as:

- Ethereum network transaction fees drop to their lowest levels since 2020

-DEXs facilitate billions in stablecoin swaps

- DEXs offer the most liquid wBTC/stETH markets (relevant as lenders liquidate en masse)