CandleFocus One Relatively New Decentralized Exchange Has Gained Traction Quickly Amid a Cooling DEX Market: IntoTheBlock
2024-09-14
Author: Content Editor
According to digital asset analytics firm IntoTheBlock, despite the bearish conditions in the cryptocurrency market, a relatively new decentralized exchange (DEX) is gaining momentum. The total market cap of major DEX tokens currently stands at $26.6 billion. Uniswap's native token, UNI, dominates the market with 74.93% market cap dominance. However, Aerodrome Finance (AERO) is rapidly gaining popularity in the DEX sector, making waves in market cap and volume. AERO is trading at $0.71, up more than 16% in the past 24 hours. IntoTheBlock also highlights the resilience of PancakeSwap (CAKE), another DEX, which remains a top contender despite its lower token value. CAKE is trading at $1.80, up over 2% in the past 24 hours.
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