DeFi Protocols Are Winning Users as Centralized Crypto Exchanges Suffer Ether Outflows

Uniswap LabsToken flow value of centralized exchanges

Centralized exchanges have experienced a mass exodus of wealth as users are opting to store their cryptocurrencies elsewhere.Among the centralized exchanges, Binance experienced the largest net outflow – outflows less inflows – of roughly $1.44 billion among exchanges in the past 7 days. This means that users on Binance have removed $1.44 billion more than they have deposited.

OKX ranked second with a negative net flow of $1.24 billion. FTX has the third largest net outflow of $900 million, while Kraken suffered a net outflow of $586 million.

DeFi 1.0 szn again 😎

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