{"id":31190,"date":"2020-11-03T15:16:39","date_gmt":"2020-11-03T13:16:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31190"},"modified":"2025-08-28T02:26:24","modified_gmt":"2025-08-27T23:26:24","slug":"dex-trading-volumes-fall-by-a-quarter-in-october","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dex-trading-volumes-fall-by-a-quarter-in-october\/","title":{"rendered":"DEX trading volumes fall by a quarter in October"},"content":{"rendered":"<p>DEX turnover in October amounted to $19.35 billion, down 26% from the record September ($25.8 billion). Compared with August, the figure was up 66%.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">In October DEX volumes were down 27% from the record breaking September \ud83c\udf42<\/p>\n<p>Volumes still landed at a solid $19 billion, up 66% from August \ud83e\uddbe<\/p>\n<p>Notably $5B was traded in one day, driven by the <a href=\"https:\/\/twitter.com\/harvest_finance?ref_src=twsrc%5Etfw\">@harvest_finance<\/a> hacker on Oct 26th \ud83e\uddd1\u200d\ud83c\udf3e\ud83d\udd75\ufe0f<a href=\"https:\/\/t.co\/IIm5zPn3sz\">https:\/\/t.co\/IIm5zPn3sz<\/a> <a href=\"https:\/\/t.co\/3Hw0pX40Ee\">pic.twitter.com\/3Hw0pX40Ee<\/a><\/p>\n<p>\u2014 Dune Analytics (@DuneAnalytics) <a href=\"https:\/\/twitter.com\/DuneAnalytics\/status\/1323216166521917440?ref_src=twsrc%5Etfw\">November 2, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The segment leader remains the Uniswap exchange, accounting for 51.4% of trading ($11.2 billion). Due to intensified competition, the platform&#8217;s share for the month fell by 16.3%. In October, Curve&#8217;s share rose significantly\u2014from 18.6% to 41.74%.<\/p>\n<div id=\"attachment_115233\" style=\"width: 1516px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115233\" class=\"wp-image-115233 size-full\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-November-3-2020-3_06-PM.png\" alt=\"DEX volumes fall by a quarter in October\" width=\"1506\" height=\"875\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-November-3-2020-3_06-PM.png 1506w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-November-3-2020-3_06-PM-300x174.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-November-3-2020-3_06-PM-1024x595.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-November-3-2020-3_06-PM-768x446.png 768w\" sizes=\"auto, (max-width: 1506px) 100vw, 1506px\" \/><\/p>\n<p id=\"caption-attachment-115233\" class=\"wp-caption-text\">Dune Analytics data as of 1.11.2020.<\/p>\n<\/div>\n<p>SushiSwap&#8217;s share fell significantly\u2014from $2.2 billion to $891 million. Balancer&#8217;s volume also declined\u2014from $1.13 billion in September to $348 million in October.<\/p>\n<p>Users are actively using the 0x protocol \u2014 turnover on the platform rose by $400 million for the third straight month, reaching $1.2 billion in October.<\/p>\n<div id=\"attachment_115232\" style=\"width: 677px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115232\" class=\"wp-image-115232 size-full\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Top-5-DEX.png\" alt=\"DEX volumes fall by a quarter in October\" width=\"667\" height=\"401\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Top-5-DEX.png 667w, https:\/\/forklog.com\/wp-content\/uploads\/Top-5-DEX-300x180.png 300w\" sizes=\"auto, (max-width: 667px) 100vw, 667px\" \/><\/p>\n<p id=\"caption-attachment-115232\" class=\"wp-caption-text\">Dune Analytics data as of 1.11.2020.<\/p>\n<\/div>\n<p>Chainalysis <a href=\"https:\/\/forklog.com\/en\/news\/chainalysis-defi-projects-face-an-undefined-regulatory-status\">predicted<\/a> that regulators would raise questions about ensuring DEX compliance with legal requirements.<\/p>\n<p>SEC enforcement official Hester Peirce <a href=\"https:\/\/forklog.com\/en\/news\/sec-commissioner-hester-peirce-many-difficult-questions-ahead-for-the-defi-sector\">predicted<\/a> that the agency would face numerous difficult questions about regulating the DeFi sector.<\/p>\n<p>Earlier, Cinneamhain Ventures partner Adam Kokran <a href=\"https:\/\/forklog.com\/en\/news\/comment-the-bitmex-crackdown-bodes-ill-for-the-defi-sector\">saw<\/a> a threat to the DeFi sector in the U.S. government&#8217;s charges against the crypto-derivatives exchange BitMEX.<\/p>\n<p>In early November, analytics firm Coinfirm <a href=\"https:\/\/forklog.com\/en\/news\/coinfirm-integrates-chainlink-oracles-to-combat-money-laundering-in-the-defi-sector\">announced<\/a> the integration into its AML solution with the Chainlink oracle network. This will allow DeFi projects to track transactions with suspicious patterns.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEX turnover in October amounted to $19.35 billion, down 26% from the record September ($25.8 billion). Compared with August, the figure was up 66%.<\/p>\n","protected":false},"author":1,"featured_media":31191,"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":[787,1145,1391],"class_list":["post-31190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-market-analysis","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31190","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=31190"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31190\/revisions"}],"predecessor-version":[{"id":31192,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31190\/revisions\/31192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/31191"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=31190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=31190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=31190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}