Trading on decentralized exchanges (DEX) in the first half of September reached $14.9 billion, up 30% from August’s $11.6 billion.
According to Dune Analytics, volumes on non-custodial trading venues have risen for the fifth month running.
In the last 24 hours, trading on DEX stood at $1.02 billion.
Among DEXs, Uniswap leads by a wide margin. Over the last day, trading on the platform amounted to $606 million. In September it accounted for two-thirds of all DEX market activity.
Notable growth in market share was demonstrated by the non-custodial Curve exchange. Its trading volumes for the partial September jumped almost twofold—from $1.87 billion to $3.27 billion—representing 21% of total market turnover.
According to DeFi Pulse, $9 billion is locked in DeFi protocols.
Uniswap rose to the lead among DeFi projects thanks to the hype around SushiSwap. By the end of August, for the first time in history, the daily turnover of this DEX surpassed the Coinbase figure.
On 17 September, Uniswap released the UNI governance token, which by the time of writing risen 66% after listing on leading centralized exchanges.
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