• In July, decentralized exchanges saw $56 billion in monthly volume

  • Volume on decentralized exchanges was $56.47 billion in July, representing another monthly decline.

    According to the Data Dashboard, Uniswap v2 and v3 accounted for 65 percent of monthly volume — $10.6 billion and $26.57 billion, respectively. SushiSwap and Curve had monthly volumes of $6.07 billion and $5.13 billion, respectively.

    The monthly figure represents a month-over-month decrease from June’s $80.85 billion. The volume of the DEX ecosystem peaked in May, with $162.02 billion in volume, as shown in the chart above. That month, Uniswap’s v3 went live.

    The Data Dashboard reports that the percentage of spot trade volume on DEXs compared to centralized exchanges was 8.98 percent for the month, a slight increase from June’s figure.

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