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Decentralized Exchange Volumes Continue To Grow, May Be A Cause For Concern
Summary: Decentralized exchange volumes for July reached $1.6 billion as of Tuesday, topping the previous all-time high for total traded volumes on decentralized exchanges set in June, data from Dune Analytics shows. In June trading volumes on these exchanges were already up by 70% from May. This growth could be thanks to more automated market makers, ...
Decentralized exchange volumes for July reached $1.6 billion as of Tuesday, topping the previous all-time high for total traded volumes on decentralized exchanges set in June, data from Dune Analytics shows.
In June trading volumes on these exchanges were already up by 70% from May. This growth could be thanks to more automated market makers, algorithms which provide liquidity on digital markets, as reported by Coindesk.
The growth is likely to continue, but decentralized exchanges are going to need to ramp up stress testing and development timelines in order to safely cater to the ever-increasing trading volumes.
By Emily Mason
Tags: Decentralized Exchanges,Trading Volume
Link: Decentralized Exchange Volumes Continue To Grow, May Be A Cause For Concern [Copy]
