Uniswap, Curve Finance, SushiSwap make a killing amidst market uncertainty

Total fees collected on Uniswap hit its highest value since 10 May.

Decentralized exchanges registered an exponential rise in trading activity in the last 24 hours after theof Silicon Valley Bank triggered FUD in the broader crypto market and depegged the USD Coin [USDC]. As per DeFiLlama, the total DEX trading volume surged to a four-month high of $15.12 billion on 11 March, with a weekly growth rate of more than 100%.The DEX dominance over aggregated DEX and centralized exchange volume rose to 26.66% at the time of writing.The fall of centralized entities has acted in favor of DeFi protocols in the past. It was exemplified during the post-FTX collapse period when users started to prefer self-custody over centralized exchanges.

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