March 28, 2024

Decentralized exchange trading volume exceeded $ 1 trillion this year

Decentralized exchanges (DEXs) reported more than $1 trillion in trading volume in 2021, according to Block Research. ByAs of December 23, this figure was 858% higher than the 2020 figure of more than $ 115 billion.

In 2021, the monthly DEX trading volume reachedpeak in May at $ 162.8 billion. According to The Block Research's report on the prospects for digital assets for 2022, the most significant growth compared to the previous month was recorded in January - 137.3%.

Decentralized exchange trading volume exceeded $ 1 trillion this year

Among trading platforms, Uniswap continues to dominate the DEX market with a share of over 75%.

Source