DEX turnover in October amounted to $19.35 billion, down 26% from the record September ($25.8 billion). Compared with August, the figure was up 66%.
In October DEX volumes were down 27% from the record breaking September 🍂
Volumes still landed at a solid $19 billion, up 66% from August 🦾
Notably $5B was traded in one day, driven by the @harvest_finance hacker on Oct 26th 🧑🌾🕵️https://t.co/IIm5zPn3sz pic.twitter.com/3Hw0pX40Ee
— Dune Analytics (@DuneAnalytics) November 2, 2020
The segment leader remains the Uniswap exchange, accounting for 51.4% of trading ($11.2 billion). Due to intensified competition, the platform’s share for the month fell by 16.3%. In October, Curve’s share rose significantly—from 18.6% to 41.74%.
Dune Analytics data as of 1.11.2020.
SushiSwap’s share fell significantly—from $2.2 billion to $891 million. Balancer’s volume also declined—from $1.13 billion in September to $348 million in October.
Users are actively using the 0x protocol — turnover on the platform rose by $400 million for the third straight month, reaching $1.2 billion in October.
Dune Analytics data as of 1.11.2020.
Chainalysis predicted that regulators would raise questions about ensuring DEX compliance with legal requirements.
SEC enforcement official Hester Peirce predicted that the agency would face numerous difficult questions about regulating the DeFi sector.
Earlier, Cinneamhain Ventures partner Adam Kokran saw a threat to the DeFi sector in the U.S. government’s charges against the crypto-derivatives exchange BitMEX.
In early November, analytics firm Coinfirm announced the integration into its AML solution with the Chainlink oracle network. This will allow DeFi projects to track transactions with suspicious patterns.
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