Trading volume on decentralized exchanges fell to $ 56 billion in July

According to CoinGecko, the total trading volume on decentralized exchanges in July was $ 56.47 billion, the lowest since December 2020.

The lion's share of the market still belongs tothe Uniswap platform, which accounted for $ 37.17 billion or 65% of the total ($ 10.6 billion for the second version of the platform and $ 26.57 billion for the third). Its closest competitors SushiSwap and Curve processed $ 6.07 billion and $ 5.13 billion in deals, respectively.

Despite the impressive trading volume of $56.47 billion, this figure is the lowest in the last 8 months. ResultsJuly reflect downward dynamics in decentralized markets, as in June the volume amounted to $80.85 billion, and in May – record $162.02 billion

However, in general, DEX platforms are gaining popularity. This is indicated by a gradual increase in their share in the volume of spot trading compared to centralized ones. In July, they accounted for 8.98%.

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