CandleFocus
Uniswap Leads the Top Decentralized Exchanges by Weekly Trading Volume
2024-10-04
Author: Content Editor
Last week, decentralized exchanges (DEXs) experienced a significant increase in trading volume, reaching $39.99 billion. Uniswap maintained its position as the top player with $10 billion in weekly trading volume. Other DEXs such as PancakeSwap, Raydium, Orca, Aerodrome, and Curve also saw substantial increases in trading activity. The dominance of decentralized exchanges over centralized ones rose to 24.43%, reflecting a growing trust in decentralized systems. Smaller players like DODO, ThorChain, and LFJ also contributed to the weekly volume. This trend highlights the increasing traction of decentralized finance and the broader move towards decentralization in the crypto ecosystem.
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