{"id":149702,"date":"2023-09-05T01:41:40","date_gmt":"2023-09-04T20:11:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=149702"},"modified":"2023-09-05T01:41:40","modified_gmt":"2023-09-04T20:11:40","slug":"binance-ceo-makes-bull-run-prediction-as-uniswap-volume-surpasses-coinbase-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-ceo-makes-bull-run-prediction-as-uniswap-volume-surpasses-coinbase-crypto-news\/","title":{"rendered":"Binance CEO Makes Bull Run Prediction As Uniswap Volume Surpasses Coinbase – Crypto News"},"content":{"rendered":"

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Binance CEO Changpeng Zhao has an optimistic outlook on decentralized finance (DeFi) following the court\u2019s recent ruling on an investor suit against the decentralized crypto exchange (DEX) Uniswap.<\/span><\/p>\n

Last week, Judge Katherine Polk Failla of the Southern District of New York <\/span>dismissed<\/span><\/a> the case that sought to make Uniswap (UNI<\/a>) accountable for the financial losses of investors who allegedly traded \u201cscam tokens\u201d on the protocol.\u00a0<\/span><\/p>\n

During an AMA (Ask Me Anything)<\/span> session<\/span><\/a> on the social media platform X, Zhao says Failla\u2019s ruling that the decentralized nature of Uniswap leaves no identifiable defendant in the case is very positive for DeFi.<\/span><\/p>\n

\u201cI agree with the fact that the Uniswap ruling was extremely positive. It\u2019s also extremely reasonable and logical and clear, so that\u2019s very good. Developers writing code, and code is basically free speech, so I think that development is really good.\u00a0<\/span><\/i><\/p>\n

As I said many times before, I think DeFi is the future<\/span><\/i>.\u201d<\/span><\/p>\n

Uniswap has historically lagged behind Coinbase in terms of trading volume but that changed<\/a> in Q1 of 2023, according to the crypto asset manager Bitwise.\u00a0\u00a0<\/span><\/p>\n

Source: Bitwise<\/figcaption><\/figure>\n

Zhao says Uniswap\u2019s lead in volume is a positive sign for DeFi, and says that in the next bull run, DeFi could ultimately become bigger than centralized finance (CeFi).<\/p>\n

\u201cDeFi volume is somewhere between 5% to 10% of CeFi volumes, which is not small. Uniswap, for the last two quarters, their volume was bigger than Coinbase spot, so the next bull run may very well make DeFi bigger than CeFi. I think that\u2019s a very good development. I think the more decentralized the industry becomes, the better.\u201d<\/span><\/i><\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Klerka\/Voar CC<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Binance CEO Changpeng Zhao has an optimistic outlook on decentralized finance (DeFi) following the court\u2019s recent ruling on an investor suit against the decentralized crypto exchange (DEX) Uniswap. Last week, Judge Katherine Polk Failla of the Southern District of New York dismissed the case that sought to make Uniswap (UNI) accountable for the financial losses […]<\/p>\n","protected":false},"author":2,"featured_media":28151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-149702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=149702"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149702\/revisions"}],"predecessor-version":[{"id":149704,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149702\/revisions\/149704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/28151"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=149702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=149702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=149702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}