25 Jan 2021

Volumes on the decentralized exchanges: 1100x higher than 1 year ago

The January volume on decentralized exchanges has already surpassed its all-time high monthly levels from September and is on par to reach $50b by the end of the month.
So far in January, the decentralized exchanges have seen $43.5b in trade volume.The monthly DEX volume has already shattered the record from September of $26.7b, illustrating the incredible momentum in DeFi right now.Uniswap is the dominating DEX in terms of volume, contributing to 46% of the total DEX volume.
Source: Dune Analytics
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