In July, trading volume on decentralized exchanges topped $4.3 billion

In July, the total trading volume on decentralized exchanges (DEX) reached more than $4.3 billion, markedly higher than in previous months. Data from The Block.

Compared with June, DEX trading volume rose by 174%.

Largely leading the field is the decentralized exchange Uniswap, accounting for 41% of total trading volume. The second-largest by volume was Curve.

According to Dune Analytics, turnover on DEX rose by 10% over the past week. The daily trading volume at the time of writing stood above $239 million.

In June, turnover on DEX stood at $1.6 billion, and the non-custodial exchange Uniswap by trading volume surpassed Gemini, Poloniex and Binance US combined.

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