The decentralized exchange (DEX) sector is experiencing significant growth, with the total weekly trading volume on DEXs reaching $228.10 billion, a 188.77% increase from the previous week. Raydium emerges as the DEX with the highest trading volume, followed by Uniswap, Pancake, and Orca. The data highlights a rising adoption of DEXs, as indicated by the DEX-to-CEX volume ratio of 52.10%, showing increasing interest in decentralized trading platforms. DEXs provide improved control of assets and security compared to centralized exchanges (CEXs), as they don't hold user funds and prioritize privacy. This trend is driven by users seeking greater security, autonomy, and compliance-free trading options.
Content Editor ( blockchainreporter.net )
- 2025-01-23
DEXs Register $228.10 Billion Weekly Trading Volumes, Led By Raydium
