In July, Trading Volume On Decentralized Exchanges Exceeded $4 Billion

In July 2020, the aggregate trading volume on decentralized exchanges (DEX) amounted to more than $4.3 billion, significantly surpassing the previous months. This is evidenced by data from The Block.

Monthly DEX volumes in 2020

Compared to June 2020, trading volume on the DEX increased by 174%. The crypto exchange Uniswap is leading the way – it accounted for 41% of the total trading volume. Curve became the second most popular exchange.

DEX historical market share

According to Dune Analytics, DEX turnover has grown by 10% over the past week. The daily trading volume at the time of writing has exceeded $239 million.

In June, DEX turnover amounted to $1.6 billion.

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