✨ Let's take a look at how #DEXs (Decentralized Exchanges) have been performing recently ✨ In the past 7 days, #DEX total volume has been around $40 billion (based on data from Dune Analytics). The month of May '24 showcases a general decline in decentralized exchanges, coming from a record high of $267.94 billion in March, followed by $118.06 billion in April. #Ethereum still dominates a majority share of total DEX volume, at around 51.9%. 📊 While in terms of DEX market share, #Uniswap currently holds the top spot at approx 64%. While challenges do exist, the DEX landscape stilll seems to be evolving and growing with infinite potential for innovation. We've recently touched on various #Layer2 solutions in our blog and the growth of Layer 2 solutions could also potentially lead to more efficiency and scalability in the DEX space. 📈 Read our blog ➡️ https://t.co/7oREpfLZWU Which DEX in the ecosystem is your current go-to and why? 🙂 Feel free to discuss below. #OAX #OAXAcademy #OAXLearn #decentralizedexchange #crypto #blockchain #defi #web3 #cryptocommunity #web3community #cryptocurrency #bitcoin #pancakeswap #jupiter #solana #bitcoin #ethereum #cryptomarket
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