Monthly trading volume on Ethereum’s decentralized exchanges tops $115 billion

For the partial month of May, trading volume on Ethereum’s decentralized-exchange (DEX) ecosystem nearly doubled April’s figure, surpassing the $115 billion mark.

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According to Dune Analytics, over the last 30 days the figure stood at $129 billion, and over the last year — $570 billion.

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The majority of activity is centered on Uniswap, which accounted for more than half of trading turnover over the last seven days. SushiSwap’s share was 20.4%, 0x — 8.9%, Curve — 7.3%.

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Curve leads Uniswap in TVL, according to DeFi Pulse. Both DEXs occupy the fifth and sixth places in the overall ranking, behind the Polygon-based ecosystem (formerly Matic Network) and the most popular lending platforms.

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In May, the launch of the third version of the protocol Uniswap took place.

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