DEX User Activity Continues to Hit New Highs

DEXs need to capture new users to ride out the bear market. We note Uniswap and Curve as two successful protocols who have done so. Uniswap just launched its NFT service after making the Genie acquisition in July. Meanwhile, Curve’s 3pool consisting of DAI, USDC, and USDT saw a flurry of recent activity, even hitting an all-time high in new users. These two DEXs remain pillars of the DeFi ecosystem and will continue to compete with emerging protocols for active users.

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