Decentralized Exchanges Volume Reaches $4.3B in July
Main page News, Cryptocurrency Exchanges

The volume of decentralized exchanges (DEXs) reached $4.3B last month, according to data provided by Dune Analytics.

The figure is 174% higher than that reached in June, when the previous record ($1.5B) was also set.

This is the first time the figure exceeds the $4B barrier.

According to the data, this increase was mainly driven by the activity on Uniswap and Curve, which accounted for 41% and 24% of the volume, respectively.

It looks like the increase in volumes is directly related to the recent rise in the price of Ethereum as well as the increasingly active DeFi sector.

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