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DEX volumes have already surpassed $120b in 2021

CryptocurrencyFeb 25, 2021 12:20AM ET
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DEX volumes have already surpassed $120b in 2021

Ethereum-powered decentralized exchanges, or DEXes, continue to surge despite high transaction fees — with DEXes processing more than $120 billion in 2021 so far.

According to Ethereum market analytics platform Dune Analytics, combined DEX volumes posted a new record of $63 billion in January. February's volume currently sits at $59 billion and is on track to hit $67 billion at the month’s end.

Monthly DEX volume: DuneAnalytics

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DEX volumes have already surpassed $120b in 2021
 

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Comments (1)
Ghazaleh Satari
Ghazaleh Satari Feb 25, 2021 1:32AM ET
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Ethereum, up 👌🏼
 
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