IntoTheBlock, a data analysis platform, said that Uniswap is competing with Curve for dominance in the DeFi space. Uniswap’s total locked volume (TVL) briefly surpassed Curve in the past week, becoming the DEX with the highest TVL in the DeFi space.
Data shows that on July 19, Uniswap TVL reached $5.93 billion, while Curve TVL was $5.85 billion. On July 20, Uniswap TVL was $5.87 billion, while Curve TVL was $5.86 billion. Previously, Curve had been TVL’s top DEX for more than a year.
IntoTheBlock noted that Uniswap’s TVL has risen 24% since the beginning of May this year, while Curve’s TVL has fallen 69%. Curve has regained the top spot, but the numbers are still close.
The latest figures show Curve TVL at $6.12 billion and Uniswap TVL at $6.09 billion. Additionally, Uniswap’s daily trading volume is now almost on par with Coinbase, according to Clara Medalie, head of research at crypto data provider Kaiko.