The Uniswap decentralized exchange has seen a significant increase in its average daily trading volume, reaching close to $3 billion in the past week. Data from DefiLlama shows that between April 10 and April 15, Uniswap’s average daily trading volume stood at $3.08 billion.

Despite concerns about a potential legal clash with the U.S. SEC, Uniswap has maintained its trading volume above the $3 billion mark. Users have not been deterred by the increased risk of regulatory scrutiny, with trading volume holding steady between $2.6 billion and $3.9 billion over the last five days.

As of April 16, Uniswap’s total value locked (TVL) stood at $6.62 billion, with a market capitalization of $5.65 billion.

However, the Uniswap token (UNI) has not seen positive price movements recently. According to CoinMarketCap, the token’s value dropped by 37.5% over the past week, falling from $11 on April 10 to below $6 three days later. Currently, UNI is trading at $7.15, reflecting an 8% decrease in price over the last 24 hours.

Uniswap CEO Hayden Adams confirmed on April 10 that the agency had issued a Wells notice to his team, typically a precursor to a formal lawsuit or a chance to address any allegations. In response to the news of a possible SEC lawsuit, Uniswap also raised its commissions from 0.15% to 0.25%.

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