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At the peak in 2021, monthly active traders on DEXs reached ~14.1M. Today, the figure sits ~11.3M. The sector is ~80% on its way to new all-time highs, with the trend on its side. Uniswap is the category leader, with a monthly active trader count of ~4.1M (based on a… https://t.co/fkHIIVtpRY
At the peak in ‘21, monthly trading volume on DEXs reached ~$240.2B. Today, it hovers around ~$120.3B. This means that the sector is one doubling away from all-time highs, with the trend on its side. Uniswap is the category leader, with a monthly trading volume of ~$62.0B… https://t.co/ldQFGX6GUQ
The DEX sector is one doubling away from all-time highs in terms of monthly trading volume… Peak ‘21 ➡️ ~$240.2B. Today ➡️~$120.3B. Get an overview of DEXs in ON-245: https://t.co/sh4XfRhNNy Chart via: @tokenterminal https://t.co/C8d7RWHged
Base Network, Coinbase's Layer 2 solution, has surpassed Binance Chain in active decentralized exchange (DEX) users, reaching 267,000 users with a 50% increase in the past 24 hours. Most of this activity is driven by Uniswap, which accounts for over 60% of the trading activity on Base Network. The network's daily DEX volume reached nearly $900 million in May, fueled by the trading of memecoins. There are approximately 10 million monthly active traders on DEXs, with Uniswap rapidly increasing its market share due to L2s in general, and Base in particular.