DEX trading volume tops $30 billion since the start of January

In January, trading volume on decentralized exchanges (DEX) reached $33.5 billion, passing the record set in September 2020 ($26.6 billion). The data come from Dune Analytics.

The largest platform remains Uniswap, accounting for more than 48.16% ($5.26 billion) of total trading volume.

Data: Dune Analytics.

The second-highest by turnover DEX is SushiSwap with a 21.85% share ($2.39 billion). In third place is Curve with 11.46% ($1.25 billion).

Over the last 12 months, total trading volume on decentralized exchanges stood at $152.46 billion. Turnover over the last 30 days exceeded $40 billion.

Leading DeFi indices from DeFi Pulse, Binance and FTX also hit new highs. The total value locked (TVL) in the sector reached $24.5 billion.

Data: DeFi Pulse.

The top by TVL is the Maker project, with assets worth $4.17 billion locked in its contracts. In second place is Uniswap ($3.96 billion), and in third — Aave ($3.38 billion).

In 2020, the volume of assets locked in the DeFi sector twentyfold, surpassing $15 billion.

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