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USDC trades with wrapped ether on Uniswap v2 represented 32.95% of the dex’s volume, and 14.80% of the swaps were USDC/ USDT.ĭubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business Uniswap v2 processed $152,276,446 in swaps on Saturday, with USDC pairs once again topping the list of v2 trading pairs. Pancakeswap’s Stableswap saw $250,361,665, with USDC/BUSD pairs accounting for 44.72% or $111.95 million of the swaps. $59.95 million, or 22.55% of the trades, were USDC/BUSD swaps. On Saturday, the dex platform Pancakeswap v2 recorded $265,888,470 in trading volume, with USDC/BUSD being the most traded pair out of 3,554 trading pairs. Ironically, when Tether FUD happened during Terra crash & FTX collapse, USDT was the "infamous" & left 85% in 3pool🤔 /VNo3ykxiobĬurve’s 3pool experienced a decrease in its share of USDT to 2% as traders sold USDC during the depegging incident. USDC was a prominent Curve pair with several other stablecoins like USDT, FRAX, GUSD, MIM, among others.Ĭurve 3pool share is the bellwether of crypto sentiment💥ĭuring today's USDC depeg, ppl panic sold USDC & DAI for USDT. On Curve’s Ethereum-based dex, $179 million in USDC/DAI swaps occurred during the day. Additionally, USDC saw numerous other trades with various crypto assets listed on the dex platform. USDC/DAI accounted for 5.8% of Uniswap v3’s trades, amounting to $587 million in volume. Together, USDC/WETH and USDC/ USDT represented 55.48% of all trades on Uniswap v3 on Saturday. The two most dominant trading pairs on Uniswap were USDC/WETH and USDC/ USDT, with USDC swaps with wrapped ether accounting for $2.92 billion, and USDC trades with tether equating to $2.69 billion. Uniswap’s top two pairs on Saturday, March 11, 2023. According to statistics from, over the last day, $15.66 billion was settled on dex trading platforms, with $10.13 billion of that amount resulting from trades on Uniswap version three (v3). However, despite centralized exchanges halting USDC conversions, the stablecoin accounted for 29% of the $90.70 billion in 24-hour global crypto trades. As a result, crypto firms such as Binance, Coinbase,, and Bitpay paused USDC payments and auto conversions. dollar, reaching a low of $0.877 per coin.
USDC Trades Below $0.975 Accounted for More Than $26 Billion on Saturdayīased on statistics, the stablecoin usd coin (USDC) recorded $26.73 billion in global trade volume during a 24-hour period. During the last 24 hours, USDC emerged as the most dominant trading pair on dex platforms. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, and the stablecoin tether. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions.
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