Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Decentralized exchanges (DEXs) are experiencing significant growth with around 10 million monthly active traders. Uniswap is rapidly gaining market share due to Layer 2 solutions, particularly Base. DEXs offer approximately 2.5 million assets for trading, with PancakeSwap and Uniswap leading in token availability. The DEX market sector has a fully diluted market cap of around $27 billion, with Uniswap and JupiterExchange holding about 70% of the market cap. Monthly active traders for DEXs are nearing all-time highs, currently at around 11.2 million.
ON-245 on DEXsโ increased capital efficiency: โAt the peak in โ21, total value locked (TVL), i.e. liquidity, on DEXs reached ~$77.2B. Today, it sits at ~$14.1B or at ~20% compared to all-time highs. Since neither trading volumes nor active traders have come down as much, itโฆ https://t.co/uQgJvmpGmD
Consistent usage on @Uniswap underscores its crucial role in decentralized trading & its efficient liquidity provision across both V2 and V3. ๐ Q2 โ24 volume hit $71B, with similar performance to last quarter's >$80B. ๐ Daily volumes consistently exceed $10B, sometimesโฆ https://t.co/h63K3QydKD
The DEX sector is one doubling away from all-time highs in terms of monthly trading volumeโฆ Peak โ21 โก๏ธ ~$240.2B. Today โก๏ธ~$120.3B. Get an overview of DEXs in ON-245: https://t.co/sh4XfRhNNy Chart via: @tokenterminal https://t.co/C8d7RWHged
