CandleFocus Decentralized Exchanges Surge as Trading Volume Hits $31.67 Billion
2024-09-26
Author: Content Editor
The latest data shows that decentralized exchanges (DEXs) in the crypto market are experiencing significant growth in their trading volumes. According to a report by Phoenix Group, the total weekly trading volume on these platforms reached $3.167 billion, rising by 28.14% per week. Uniswap led the way with a trading volume of over $9.07 billion, indicating its strong position among traders and liquidity providers. Pancakeswap followed closely behind with $5 billion in trading volume. Other notable DEXs contributing to the growth include Aerodrome, Raydium, Orca, DODO, Curve, Camelot, and ThorChain. The increasing trading volume on DEXs highlights a growing preference for decentralized trading platforms and a shift in trading habits among cryptocurrency users.
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