SEC crackdown on Binance and Coinbase surge DeFi trading volumes 444%

The median trading volume across the top three decentralized exchanges jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator's recent legal actions against cryptocurrency exchanges Coinbase and Binance.

from CoinGecko, total daily trading volumes on Uniswap V3 , Uniswap V3 and Pancakeswap V3 — which account for 53% of the total DEX trading volume in the last 24 hours — increased by more than $792 million between June 5 and June 7.Additionally, the trading volume on Curve, a DEX that allows for the trading of stablecoins spiked by 328%. At the time of writing the bulk of the trading activity on Curve is focused on trading the U.S.

Total daily trading volumes on Uniswap v3 (Ethereum), Uniswap v3 (Arbitrum) and PancakeSwap v3 (BSC) — which account for 53% of the total DEX trading volume in the last 24 hours — increased by more than $792 million between June 5 and June 7.

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