According to a recent report by Phoenix Group, Uniswap is the leading decentralized exchange (DEX) in terms of web traffic. Despite a 24.8% decline in traffic, Uniswap recorded the highest total visits last month at 2.8 million. The majority of web traffic for Uniswap came from the United States, India, and Brazil, indicating its global popularity. PancakeSwap, a DEX on the Binance Smart Chain, received the second-largest traffic with 1.2 million visits and had an average page per visit of 5.81. Sushi saw a 21.1% drop in traffic but had an engaging user level with 5.21 pages viewed per visit. Raydium, which operates on the Solana network, experienced the highest decrease in traffic at 35.0%. The 1inch exchange reported a significant 69.9% increase in monthly visits, reaching 598,000. Other DEX platforms such as Osmosis, LFJ, QuickSwap, and Balancer also witnessed fluctuations in web traffic. Overall, the report highlights the volatility in interest and usage of DEXs globally, but Uniswap remains dominant in terms of activity.



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