DEX trading volume tops $50 billion since the start of January

The total turnover of decentralized exchanges (DEX) for January so far reached a record $53.4 billion.

Growth for the month stood at 136%, according to Dune Analytics.

Data: Dune Analytics.

In the segment, the non-custodial platform Uniswap remains dominant, accounting for 47.9% of total DEX turnover.

Data: Dune Analytics.

Over the last 24 hours, Uniswap’s turnover exceeded $1 billion. The nearest competitor, SushiSwap, recorded $629 million.

Data: Dune Analytics.

The total DEX turnover over the last 24 hours reached $2.3 billion, over seven days — $13 billion.

Data: Dune Analytics.

The growth of the DEX segment correlates with the trajectory of the broader DeFi sector. The total value of assets locked in DeFi smart contracts (TVL) surpassed $27 billion.

Data: DeFi Pulse.

Leading TVL figures are for lending protocols Maker, Aave and Compound — $4.7 billion, $3.8 billion and $3.2 billion respectively.

In 2020, the share of crime-related transactions in DEX turnover was 0.02%.

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