{"id":29932,"date":"2020-10-12T10:07:00","date_gmt":"2020-10-12T07:07:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29932"},"modified":"2025-08-27T19:44:19","modified_gmt":"2025-08-27T16:44:19","slug":"forklog-report-september-dex-trading-volume-reaches-23-5-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/forklog-report-september-dex-trading-volume-reaches-23-5-billion\/","title":{"rendered":"ForkLog Report: September DEX trading volume reaches $23.5 billion"},"content":{"rendered":"

Trading volume of decentralized exchanges (DEX) last month reached $23.5 billion. This is twice as high as in August. This is stated in ForkLog’s September analytical report.<\/p>\n

The bulk of the turnover, $15.3 billion or 65% of the total, was provided by Uniswap, the leading platform in the DeFi sector.<\/p>\n

\"ForkLog<\/p>\n

Trading volume on decentralized exchanges, $billion. Data from Dune Analytics as of 12.10.2020.<\/p>\n<\/div>\n

Over the past few months, Curve and Balancer have significantly ramped up activity.<\/p>\n

The daily trading volume on Uniswap as of 1.10.2020 stood at $308 million, on Curve \u2014 $53 million, on 0x \u2014 $33 million.<\/p>\n

As of writing, Uniswap’s share of total DEX turnover stood at 74.4%. Thus, in less than two weeks the exchange’s share in the segment rose by 9.4%.<\/p>\n

\"ForkLog<\/p>\n

Data Dune Analytics<\/a> as of 12.10.2020.<\/p>\n<\/div>\n

Alongside the rise in DEX activity, the market capitalization of stablecoins rose. In the second quarter of 2020, the capitalization of stablecoins grew by 53%.<\/p>\n

\"ForkLog<\/p>\n

Dynamics of the capitalization of leading stablecoins since the start of 2020. Data: Messari.<\/p>\n<\/div>\n

One of the main reasons for the growth in demand for stablecoins is their active use in the DeFi space and on DEXs.<\/p>\n

As reported, the head of the FTX exchange Sam Bankman-Fried is convinced<\/a>, that trading volumes on DEXes will fade as the ‘excessive’ incentives are exhausted. The latter include the hype around yield farming and demand for the platform’s governance tokens.<\/p>\n

Subscribe to ForkLog’s channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Trading volume of decentralized exchanges (DEX) last month reached $23.5 billion. This is twice as high as in August. This is stated in ForkLog’s September analytical report.<\/p>\n","protected":false},"author":1,"featured_media":29933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1145,807],"class_list":["post-29932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-market-analysis","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=29932"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29932\/revisions"}],"predecessor-version":[{"id":29934,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29932\/revisions\/29934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/29933"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=29932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=29932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=29932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}