The share rose from 43% at the start of the year, indicating Uniswap’s expanding role in stablecoin swaps across EVM (Ethereum Virtual Machine-compatible) blockchain networks.
Uniswap processed 57% of all stablecoin-to-stablecoin trading volume on EVM (Ethereum Virtual Machine-compatible) networks this month, up from 43% at the start of the year, according to the provided update. The increase points to a larger share of onchain trading activity flowing through the decentralized exchange. Stablecoin-to-stablecoin activity is often used as a measure of liquidity depth and trading efficiency in decentralized finance, making the gain notable for Uniswap’s position in the market.