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Declining DEX volumes reflect DeFi investors shift to Bitcoin, data shows

The recent hack of Harvest Finance saw volumes across DEXs boom for one day, especially Uniswap and Curve. According to media reporting and Harvest investors, the hacker executed a flash-loan exploit that used millions of dollars worth of cryptocurrency across both Uniswap and Curve to drive down the perceived prices of Tether (USDT) and USD Coin (USDC) tokens on Harvest Finance.

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Source: Cryptocurrency - investing.com

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