Trading volume on non-custodian Ethereum exchanges grew by 50% per week

According to Dune Analytics, the trading volume on non-custodian exchanges (DEX) for the week increased by 50%.

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Turnover on DEXfor the last day amounted to $ 6.85 million, and for seven days - $ 52 million.

The Uniswap marketplace is rapidly gaining popularity, which is already significantly ahead of the once-leading Kyber in terms of trading volume.

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Despite the rapid increase in liquiditynon-custodian platforms, they are still far from centralized exchanges. For example, the volume of trading on 10 exchanges included in the Bitwise rating over the past day amounted to $ 695 million

At the end of 2019, the total volume of DEX amounted to $ 2.36 billion. Almost the same turnover is achieved per day on the OKEx or BitMEX crypto-derivative exchanges:

Daily trading volume on cryptocurrency exchanges. Data: skew

It is also worth noting the growth of the DeFi sector as a whole, where the cost of Ethereum blocked on smart contracts exceeded $ 810 million.

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The permanent leader in this sector is the Maker landing platform. Synthetix and Compound services are also very popular.

Recall, because of the Fifth EU Directive, the non-custodian exchange KyberSwap will replace Malta with the Virgin Islands.