Coinbase Pro is one of the most notable centralized exchanges in the world. As such, many decentralized crypto offerings continue to be traded on centralized exchanges. In recent times, Uniswap exceeded CoinBase Pro in its trading volume. As volume increases, Uniswap may grow to pass other centralized exchanges in the space.
Uniswap is a shared liquidity and trading system where consumers can purchase and trade ERC-20 tokens and liquidity to receive transaction fees. This implies the more value the incentive suppliers earn, the faster they share on the network. The growing amount and subsequently the growing incentives demonstrate that the overall locked valuation of Uniswap continues to rise.
Although decentralized exchanges have existed for some time, conventional centralized exchanges have often been more commonplace due to convenience. However, as technology advances, DEXs become more user-friendly.