
USDC Emerges as the Top Trading Asset on Uniswap and Curve, Breaking DeFi Records
Decentralized exchanges (DEXs) Uniswap and Curve experienced a surge in trading volumes over the weekend as traders rushed to exchange their USDC holdings for other tokens, particularly wrapped ether (WETH) and tether (USDT). This surge in trading volume resulted in Uniswap recording nearly $12 billion in trading volume over a 24-hour period from Saturday to Sunday, while Curve recorded nearly $8 billion in trading volume. DEXs operate differently than centralized exchanges as they rely on smart contracts to facilitate trades, eliminating the need for intermediaries. Users deposit their tokens to pools to provide liquidity to the platform, receiving rewards in