The DEX captured 55.5% of stable-stable swap volume on Ethereum, Base, Arbitrum, and Polygon.
\nDune data shows Fluid handled more volume compared to all DEXs combined.
\nFLUID tokens surged over 15% in the past day amidst investor interest.<\/p>\n
Cryptocurrencies remain elevated today as Bitcoin reclaimed $115,000 after approaching $112,000 on Saturday.<\/p>\n
Ethereum steadies above $3,600 as XRP regains the $3 mark.<\/p>\n
Meanwhile, lesser-known FLUID grabbed attention with a 15% increase over the past day as Fluid DEX dominated the DeFi scene.<\/p>\n
Fluid decentralized exchange accounted for 55.5% of stablecoin-for-stablecoin trading volume on Ethereum, Base, Arbitrum, and Polygon on August 3 (Dune Analytics data).<\/p>\n\n
It outperformed established and long-time market leaders like Curve and Uniswap, and that was enough to stir the DeFi community.<\/p>\n
For context, Uniswap captured 25.7%, whereas Curve managed 13.4% of the market share.<\/p>\n
The protocol\u2019s native token, FLUID, demonstrates renewed optimism with a 16.10% price rally over the past 24 hours.<\/p>\n
Indeed, the stablecoin scene has seen tremendous growth since the US regulated the segment with the GENIUS Act.<\/p>\n
Protocols like Ethena remain in the spotlight as yield-bearing stablecoins gain traction.<\/p>\n
Meanwhile, Fluid has dominated the vital stable-stable swap segment, maintaining steady growth in trading volumes in the last three months.<\/p>\n
Stablecoin-to-stablecoin differ from volatile asset swaps since they power real-world utilities, including arbitrage, liquidity provision, and payments.<\/p>\n
Fluid has performed well in this category since May, capturing a notable 55.5% share as of August 3.<\/p>\n
Well, as highlighted above, the stablecoin sector has flourished since the US passed crypto bills<\/a>, bringing the much-needed regulatory clarity to the digital assets industry.<\/p>\n Furthermore, the remarkable share indicates a platform serving its purpose.<\/p>\n The DEX environment remains competitive, with stablecoin users interested in reliability, fewer fees, and speed.<\/p>\n Fluid\u2019s efficient routing, deep liquidity, and compatibility (especially with cost-effective L2s like Base and Arbitrum) have propelled its upside.<\/p>\n The FLUID decentralized exchange is becoming a go-to platform for traders transacting stablecoins like USDT, DAI, and USDC.<\/p>\n Most importantly, the trend signals behavior shifts in DeFi, with users preferring newer, purpose-centric platforms over legacy giants.<\/p>\n Will it maintain the momentum and overthrow Uniswap and Curve for good?<\/p>\n Fluid might change power dynamics within the DeFi world if it retains the prevailing energy.<\/p>\n While Curve and Uniswap have defined stablecoin swapping for years, neither holds the top position at the moment.<\/p>\n Fluid\u2019s rise could welcome a new era, where users prioritize performance over legacy.<\/p>\n Moreover, it reminds us of the benefits of stablecoin infrastructure.<\/p>\n While the crypto community often gravitates to narratives like NFTs, L2s, and gaming, stablecoin activity remains the backbone of DeFi.<\/p>\n The native token reflected the reinvigorated optimism with notable price gains.<\/p>\n FLUID rallied 16% from yesterday\u2019s $4.7199 to press time $5.48.<\/p>\n\n The surging 24-hour trading volume highlights renewed momentum, setting the stage for further FLUID rallies.<\/p>\n However, broad market bias remains crucial in determining the asset\u2019s short-term performance.<\/p>\n A sudden selling wave would delay the upside and trigger FLUID dips, whereas continued recoveries will supercharge the alt\u2019s rebound in the upcoming sessions.<\/p>\n The post FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The DEX captured 55.5% of stable-stable swap volume on Ethereum, Base, Arbitrum, and Polygon. Dune data shows Fluid handled more volume compared to all DEXs combined. FLUID tokens surged over 15% in the past day amidst investor interest. Cryptocurrencies remain elevated today as Bitcoin reclaimed $115,000 after approaching $112,000 on Saturday. Ethereum steadies above $3,600 […]<\/p>\n","protected":false},"author":0,"featured_media":4460,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[101],"tags":[],"class_list":{"0":"post-4459","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4459"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4459\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4460"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Transforming stablecoin liquidity?<\/h2>\n
FLUID price outlook<\/h2>\n