According to TechFlow, the latest data from Defillama shows that the decentralized exchange (DEX) market has seen a significant pullback recently. In the past 24 hours, the total transaction volume of DEX was US$2.939 billion, and the total transaction volume in the past 7 days reached US$31.135 billion.
However, the week-over-week change shows a sharp drop of 39.54% in DEX trading volume, and DEX’s market share relative to centralized exchanges (CEX) remains at 12.94%.
It is worth noting that among the major DEX platforms, Uniswap's weekly trading volume fell by 46.6%, PancakeSwap's weekly trading volume fell by 21.51%, Orca's weekly trading volume fell by 33.43%, and Raydium's weekly trading volume fell by 34.1%.
