Odaily Planet Daily News According to CCData data, Uniswap ranked first in trading volume in April, surpassing Coinbase for the fourth consecutive month. Uniswap is a DEX running on the Ethereum blockchain. Its trading volume climbed above Coinbase in February. Although trading volumes on both exchanges have declined since then, Uniswap is still ahead of Coinbase. Uniswap processed approximately $37 billion in transactions in April, compared with more than $70 billion in March; Coinbase's trading volume in April was $34 billion, compared with $49 billion in March. Jacob Joseph, a research analyst at CCData, said that the decoupling of USDC from other stablecoins in March was an important factor in the increase in Uniswap's trading volume. (CoinDesk)