DEX monthly trading volume reached 14.22% of CEX, setting a new historical high market share.
PANews reported on July 30 that the market share of decentralized exchanges (DEXs) has reached a new high. According to data from The Block, the monthly trading volume of DEXs relative to centralized exchanges (CEXs) reached 14.22%, breaking the record of 13.7% in May 2023.
Currently, the trading volume of DEXs is $139.67 billion, with Uniswap leading the market with a monthly trading volume of $48.52 billion, followed by Raydium with $27.78 billion. According to data from the DeFi tracking platform defillama, Uniswap is the largest DEX in terms of total value locked (TVL), reaching $5.585 billion; Curve Finance has $2.029 billion, PancakeSwap has $1.825 billion, and Raydium has $1.259 billion.
