Metrics Show Decentralized Exchange Volumes Continue to Slide This Year – Defi Bitcoin News - BitcoinEthereumNews.com
Decentralized exchange (dex) volumes have been dropping since December 2021 according to current statistics. However, last month dex trade volumes spiked 2.37% higher than the volumes recorded in February. Despite the brief spike and with only eight days left in April, metrics show this months dex volumes will likely be much lower than in March. Decentralized Exchange Volumes Slip Month After Month — Aprils Dex Volumes Remain Lackluster In 12 months, dex platforms recorded over $1 trillion in trade volume as they have become prominent fixtures in the crypto industry. Today, data from सिक्काको.कॉम, coinmarketcap.com, dune.com, तथा theblockcrypto.com indicates that Uniswap version three (v3) is the largest dex by 24-hour trade volume, with $1.29 billion during the last 24 hours. Following Uniswap v3, dex platforms like Pancakeswap v2, Dydx, and Curve Finance hold the top 24-hour volume positions at the time of writing. The top two decentralized exchange (dex) platforms during the last 24 hours on April 21, 2022, according to coingecko.com stats. The dashboard called “DEX Metrics” on Dune Analytics, shows dex trade volume during the last seven days, out of more than a dozen dex protocols, is approximately $14 billion. The trailing seven-day metrics indicate the dex volumes recorded on the
