4 ms·

> Objectively nobody actually uses this stuff. Objectively this is trivial to disprove.

DennisP 4y ago
Yep, just Uniswap alone has transaction volume comparable to major centralized exchanges. https://decrypt.co/114665/uniswap-overtakes-coinbase-second-largest-exchange-trading-ethereum-today https://decrypt.co/114665/uniswap-overtakes-coinbase-second-...
- lambdadmitry 4y ago
  Between bots, wash trading, and algo traders it doesn't say much about real world adoption.
  - DennisP 4y ago
    Regarding wash trading at least, it's easier on central exchanges, since they can do it without cost. Nobody can avoid Uniswap's transaction fees.
- dereg 4y ago
  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 This is an outdated article citing a single point in time 2.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/uniswap#statistics https://www.coingecko.com/en/exchanges/binance#statistics https://www.coingecko.com/en/exchanges/binance#statistics https://www.coingecko.com/en/exchanges/coinbase#statistics https://www.coingecko.com/en/exchanges/coinbase#statistics
  - deleted 4y ago
    [deleted]

Yep, just Uniswap alone has transaction volume comparable to major centralized exchanges. https://decrypt.co/114665/uniswap-overtakes-coinbase-second-largest-exchange-trading-ethereum-today https://decrypt.co/114665/uniswap-overtakes-coinbase-second-...

lambdadmitry 4y ago
Between bots, wash trading, and algo traders it doesn't say much about real world adoption.
- DennisP 4y ago
  Regarding wash trading at least, it's easier on central exchanges, since they can do it without cost. Nobody can avoid Uniswap's transaction fees.
dereg 4y ago
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/uniswap#statistics https://www.coingecko.com/en/exchanges/binance#statistics https://www.coingecko.com/en/exchanges/binance#statistics https://www.coingecko.com/en/exchanges/coinbase#statistics https://www.coingecko.com/en/exchanges/coinbase#statistics
- deleted 4y ago
  [deleted]