Paxos USDG hits $21.8B on Uniswap in September
Uniswap (UNI)
Editor:
Eugene Serbin
According to cryptocurrency.com.tr, Paxos’ USDG stablecoin reached a value of $21.8B on Uniswap during September. This surge highlights the transformative potential of innovative DeFi infrastructure in reshaping stablecoin market dynamics. The event was originally reported by Crypto Briefing. The data underscores the significant volume movement associated with this specific stablecoin on the decentralized exchange.
How the market reacted
Whalio's own Binance spot order flow for UNI, measured when this story was written up on 21 September 2026. Not the outlet's figures.
UNI is currently trading at $8.73 with a 24-hour buy ratio of 51.9%, indicating that buyers have slightly outpaced sellers over the full day. However, the 1-hour buy ratio has dropped to 43.8%, suggesting that short-term momentum is weakening compared to the longer trend. The 4-hour buy ratio sits at 51.1%, showing a more balanced but still positive sentiment in the immediate recent past. Volume delta measures the difference between buy and sell volume; the 1-hour delta is -$795,672, indicating net selling pressure in the last hour, while the 24-hour delta is +$2,567,124, showing net buying over the day. This divergence suggests that while the day ended with net inflows, the most recent hour saw a shift toward outflows.
The latest daily buy ratio of 45.7% sits at the 13th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for UNI, averaged over the days leading up to the story.
Over the preceding week, UNI experienced a significant price increase of 42.6% over eight days. The 7-day average buy ratio was 50.8%, and the latest day showed a slight increase of 1.1 points above that average. However, the current 24-hour volume of $66,916,605 is only 0.74x the weekly average volume, indicating a notable drop in trading activity compared to the broader week. While the buy ratio remains slightly above average, the volume contraction suggests this is an unusually quiet day relative to the preceding week's activity.