Trading Volume on Decentralized Exchanges (DEX) Reaches a New All-Time High, Growing by 50% Compared to 2019

The volume on decentralized exchanges (DEX) has increased by 50% compared to 2019.

Image source: unsplash.com

According to the data from Dune Analytics (@DuneAnalytics), the volume on decentralized exchanges (DEX) has increased by 50% compared to 2019.

Image source: Twitter @DuneAnalytics

Over the past seven days, the figure has grown by 115%. Over the past 24 hours, the DEX trading volume was $ 135.5 million. Trading volume on decentralized exchanges has been growing steadily over the past six months. Back in March, the DEX recorded a record trading volume of $ 668 million.

Four platforms - Uniswap, Curve, Balancer and Bancor Network - recorded an increase in trading volumes in July in contrast to value of a month prior. For example, Balancer, one of the newest DEXs, has trading volumes close to $ 160 million, up from $93 million at the end of last month.

It is worth to mention that after the update, the Uniswap exchange became noticeably more popular - the number of site users reached 92,000.

#DEX #Decentralized #Crypto Exchange

Saad Ullah E-mail Twitter Facebook

Saad is an engineer with more than a decade of experience in FMCG companies. He loves to write about innovative tech and blockchain.