Uniswap Volume Exceeds Coinbase: Binance CEO Forecasts Bull Run

Binance CEO, Changpeng Zhao, Expresses Positive DeFi View After Court Ruling on Uniswap Investor Suit

"Judge Katherine Polk Failla Clears Uniswap (UNI) in 'Scam Token' Investor Loss Case"

Judge Katherine Polk Failla of New York's Southern District last week ruled in favor of Uniswap (UNI) against claims of investor losses from alleged "scam tokens" traded on their platform.

In a recent AMA on social platform X, Binance CEO, Changpeng Zhao, shared his insights on Failla's verdict. Emphasizing its significance for decentralized finance (DeFi), he said, “The Uniswap decision is not only positive but also logical and clear. Code, akin to free speech, should be protected. It reaffirms my belief that DeFi is the way forward.”

On another note, Bitwise's 2023 Q1 data highlighted a significant shift: Uniswap's trading volume surpassed that of Coinbase, marking a pivotal moment in crypto trading trends.

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"Zhao Highlights Uniswap's Trading Volume as Indicator of DeFi's Potential Growth Over Centralized Finance (CeFi)"

Zhao points out that DeFi's current volume, ranging between 5% to 10% of CeFi, is significant. With Uniswap outpacing Coinbase in trading volume for the past two quarters, Zhao believes the upcoming bull run could propel DeFi ahead of CeFi. He comments, "A shift towards decentralization in the industry is a promising sign."

Sep 05, 2023