Uniswap 交易額突破 2 兆美元，無視 SEC 訴訟威脅

儘管面臨包括美國證券交易委員會懸而未決的訴訟在內的監管審查，領先的去中心化金融(DeFi) 交易所Uniswap 的總交易量仍超過2 兆美元，以22.5% 的份額保持在DEX 市場的主導地位。根據 SEC 的通知，Uniswap 的每日交易量持續達到 30 億美元，交易費用從 0.15% 上漲至 0.25%。

Uniswap Surpasses $2 Trillion Trading Volume, Defies SEC's Impending Lawsuit

Uniswap 交易量突破 2 兆美元，無視 SEC 即將提起的訴訟

Amidst heightened regulatory scrutiny, Uniswap, the decentralized finance (DeFi) exchange, has achieved a remarkable milestone by surpassing $2 trillion in total trading volume. Despite facing legal action from the Securities and Exchange Commission (SEC), Uniswap remains steadfast in its commitment to providing unrestricted access to its platform, which facilitates decentralized smart contract trading.

在嚴格的監管審查下，去中心化金融 (DeFi) 交易所 Uniswap 實現了一個非凡的里程碑，總交易量超過 2 兆美元。儘管面臨美國證券交易委員會 (SEC) 的法律訴訟，Uniswap 仍然堅定地致力於提供不受限制的平台訪問，從而促進去中心化智慧合約交易。

Unfazed by SEC Notice

未受到 SEC 通知的影響

On April 10, Uniswap was formally notified by the SEC of impending legal action. However, unlike other DeFi platforms that have restricted U.S. users' access due to regulatory concerns, Uniswap has maintained unrestricted access. Uniswap Labs, the platform's supporter, maintains that it merely connects users to decentralized smart contracts, distinguishing itself from traditional exchanges.

4 月 10 日，Uniswap 收到 SEC 的正式通知，即將採取法律行動。然而，與其他出於監管考慮限制美國用戶訪問的 DeFi 平台不同，Uniswap 一直保持不受限制的存取。該平台的支持者 Uniswap Labs 堅稱，它只是將用戶連接到去中心化的智慧合約，這與傳統交易所不同。

Despite an initial dip in the value of Uniswap's governance token following the SEC notice, a recent proposal to reward token holders has bolstered its value by 23% year-to-date. Notably, Uniswap's daily trading volumes have consistently surpassed the $3 billion mark, and the platform has increased its transaction fees from 0.15% to 0.25% subsequent to the SEC notice.

儘管在美國證券交易委員會發出通知後，Uniswap 治理代幣的價值最初有所下降，但最近一項獎勵代幣持有者的提議已使其價值今年迄今上漲了 23%。值得注意的是，Uniswap 的日交易量持續超過 30 億美元大關，並且在 SEC 通知後，該平台將交易費用從 0.15% 提高到 0.25%。

Ongoing Regulatory Scrutiny

持續的監管審查

The SEC's move against Uniswap is part of a broader regulatory crackdown on the DeFi sector, which SEC Chairman Gary Gensler has likened to the "Wild West." CEO Hayden Adams expressed his disappointment and readiness to challenge the SEC's action. He criticized the SEC's preference for punitive measures over constructive rule-making.

SEC 針對 Uniswap 的舉措是對 DeFi 領域更廣泛監管打擊的一部分，SEC 主席加里·詹斯勒 (Gary Gensler) 將其比作「狂野的西部」。執行長海登·亞當斯 (Hayden Adams) 表達了他的失望，並準備挑戰 SEC 的行動。他批評美國證券交易委員會偏愛懲罰性措施而不是建設性規則制定。

Dominant Market Position

市場主導地位

Uniswap remains the leading decentralized exchange (DEX) by daily trading volume, capturing 22.5% of the market share. The regulatory scrutiny follows a similar subpoena issued to Uniswap's competitor, SushiSwap, indicating increased regulatory attention on decentralized trading platforms.

以日交易量計算，Uniswap 仍然是領先的去中心化交易所 (DEX)，佔據 22.5% 的市場份額。此次監管審查是在向 Uniswap 的競爭對手 SushiSwap 發出類似傳票之後進行的，這表明監管機構對去中心化交易平台的關注日益增加。

SEC's Focus on Uniswap

SEC 對 Uniswap 的關注

The SEC's interest in Uniswap dates back to September 2021, when the Wall Street Journal reported that the regulator was investigating Uniswap Labs' operations and marketing practices in the United States. The Wells notice received by Uniswap is a procedural step in the SEC's enforcement process, giving the recipient an opportunity to defend against potential charges.

SEC 對 Uniswap 的興趣可以追溯到 2021 年 9 月，當時《華爾街日報》報道稱，監管機構正在調查 Uniswap Labs 在美國的營運和行銷實踐。 Uniswap 收到的 Wells 通知是 SEC 執法過程中的一個程序步驟，為接收者提供了針對潛在指控進行辯護的機會。

Significance of Wells Notice

威爾斯通知的意義

A Wells notice is a strong indication that the SEC staff recommends enforcement action against a company or individual. It has been employed in previous SEC actions against major crypto exchanges such as Coinbase and Binance.

Wells 通知強烈表明 SEC 工作人員建議對公司或個人採取執法行動。它曾在美國證券交易委員會先前針對 Coinbase 和 Binance 等主要加密貨幣交易所採取的行動中使用。

Conclusion

結論

Despite the regulatory headwinds, Uniswap's resilience and unwavering commitment to accessible decentralized trading are evident. The platform's sustained trading volume and unwavering user base demonstrate its dominance in the DeFi space. As the regulatory landscape continues to evolve, Uniswap's future trajectory will be closely watched by the industry and regulators alike.

儘管存在監管阻力，Uniswap 的韌性和對可訪問的去中心化交易的堅定承諾是顯而易見的。該平台持續的交易量和堅定的用戶基礎證明了其在 DeFi 領域的主導地位。隨著監管環境的不斷發展，Uniswap 的未來發展軌跡將受到產業和監管機構的密切關注。