Decentralized exchanges (DEX) Uniswap and Curve recorded lifetime high trading volumes over the weekend as traders rushed to exchange token holdings, specifically USD Coin (USDC).

Uniswap processed nearly $12 billion in trading volume over a 24-hour period from Saturday to Sunday.

Dune Analytics data shows USDC pools for wrapped ether (WETH), tether (USDT) and dai (DAI) processed $15 billion in volume over a seven-day period, with a majority of this taking place from Friday to Sunday.

This generated over $8 million in fees for the Uniswap protocol, adding to Uniswap Labs’ revenue and a smaller percentage paid out to liquidity providers.

Elsewhere, stablecoin swapping tool Curve recorded nearly $8 billion in trading volume. One of its popular pools was imbalanced as traders rushed to exchange USDC for other tokens.

(By Shaurya Malwa)