Data provided by Dune Analytics show that the DeFi powered Uniswap. During the month of September, the decentralized exchange, Uniswap, processed $ 15.371 billion in volume. In the same period, reports indicate that Coinbase processed $ 13.6 billion.
The significant increase in Uniswap’s volume can be attributed to two main factors. First, the explosive growth of the DeFi ecosystem and the yield farming of governance tokens made decentralized exchanges prosper. Second, the launch of Uniswap’s governance token, UNI, caused quite a stir on the platform.
June ushered in the ‘craze’ for DeFi governance tokens, with Compound’s COMP token kicking off the phenomenon. The process is relatively straightforward: DeFi users ‘farm’ new governance tokens by staking various cryptocurrencies, such as Ether (ETH).
In this sense, data confirm that the DeFi promoted Uniswap. First outperforming Coinbase Pro in daily volume on August 30. Since then, it has maintained a high level of competitiveness with the main US exchange. In late August, Uniswap creator Hayden Adams said:
“Wow, Uniswap’s 24-hour trading volume is higher than Coinbase for the first time ever. Uniswap: $ 426 million, Coinbase: $ 348 million. It’s hard to express how crazy this is.
They launch an online course to learn about DeFi in Argentina
The University of CEMA. The course will develop in detail the new structure of Personal Finance 2.0 or Decentralized Finance, DeFi, which offers the possibility of managing personal finances, and even companies, through innovative financial instruments, supported by structures of Fintechs and innovative financial entities, and on decentralized networks of Stablecoins and Cryptocurrencies.
Designed for all those who have an interest in finance, with a special emphasis on Cryptocurrencies, the workshop will have a theoretical and practical approach that will allow participants to experience these tools first-hand, and at the same time incorporate fundamental theoretical knowledge to the time for making financial decisions.
In addition, according to reports from the University, no prior knowledge of this subject or financial tools or technical analysis is required to be able to attend and understand the concepts to be learned.
Due to the COVID-19 pandemic, the executive program will be remote and online, in 5 live classes on Thursdays, beginning on October 8.