| This is incorrect/misleading on many fronts: 1. This is an outdated article citing a single point in time 2. The source tweet is comparing Uniswap's volume on all x:ETH pairs against only ETHUSDT volume on centralized exchanges. [0] 3. The date of comparison is an outlier day - when FTX's "hacker" decided to move huge sums of tokens uneconomically on chain. 4. Volume across CEXs have collapsed, a sign of the ecosystem's weakness, not strength. 5. Even then, Uniswap doesn't hold a candle to Binance. ($600m volume vs $10b volume, past 24 hours on spot pairs) 6. Liquidity is horrible right now. If you try to execute a trade of reasonable size on a non-major coin you will face a lot of slippage. [0]: The tweeter, Alex Svanevik is the founder of Nansen, a chain analytics company. It doesn't make sense that he would make such a simple mistake unless he was deliberately trying to bullpost. See for yourself: https://www.coingecko.com/en/exchanges/uniswap#statistics https://www.coingecko.com/en/exchanges/binance#statistics https://www.coingecko.com/en/exchanges/coinbase#statistics |