Written by

Bendik Norheim Schei

Head of Research

25 Jan 2021

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

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.

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