Bitwise Asset Management’s Ryan Rasmussen shared a chart on X that takes a closer look at the difference between trading volume for Uniswap and Coinbase.
The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Bit wise asset management. Ryan Rasmussen shared a chart on eggs that takes a closer look at the difference between trading volume for Unis swap and Coinbase. The chart comes from bit wise's crypto market review for Q four in 2023. In his tweet, Rasmussen highlights that Unis swap processed 460 $5 billion in trading volume last year. In comparison, Coinbase handled that exact same amount $465 billion during the same time period. Unis swap is of course a decentralized crypto exchange that runs on the Ethereum Blockchain while Coinbase is a publicly traded company and the largest crypto exchange based in the United States trading volume. Rasmussen went on to say that this wasn't a knock on Coinbase. He was just blown away by Unis swap and quote, what do you think? Let us know in the comment section down below. That's a wrap for the chart of the day. I'm Jen Saci. We will see you next time to unpack more of the data behind top news stories.