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Monthly DEX Volumes For Major Projects Built On Ethereum Have Surpassed $50 Billion
Summary: Monthly decentralized exchange, or DEX, volumes for major projects in the Ethereum ecosystem have surpassed $50 billion, according to data aggregator Dune Analytics. In first place is long-standing bellwether Uniswap, with $23.3 billion for January so far, almost half of the total volume. Uniswap is followed by $10 billion by its smart contract fork rival SushipSwap and ...
Monthly decentralized exchange, or DEX, volumes for major projects in the Ethereum ecosystem have surpassed $50 billion, according to data aggregator Dune Analytics.
In first place is long-standing bellwether Uniswap, with $23.3 billion for January so far, almost half of the total volume. Uniswap is followed by $10 billion by its smart contract fork rival SushipSwap and then $5.8 billion for stablecoin-focused exchange Curve, as reported by CoinDesk.
Peter Chan, head trader at quantitative firm OneBit Quant, told CoinDesk that centralized exchanges (CEX) still rule despite the record volumes on DEXs.
According to CoinGecko, volume the past 24 hours on centralized exchange Binance was $34 billion as of press time.
By Emily Mason
Tags: Curve,Decentralized Exchanges,DeFi,ETH,Ethereum,Uniswap
Link: Monthly DEX Volumes For Major Projects Built On Ethereum Have Surpassed $50 Billion [Copy]
