Decentralized exchanges (DEXs) ended the month of March with a total monthly volume of $67.32 billion, falling by 8.12% from the previous month, according to data gathered by The Block.
This marks the first time since November 2020 that the monthly DEX volume has decreased.
Uniswap continued to account for the majority of the monthly volume with $41.02 billion. Sushiswap and Curve accounted for $10.06 billion and $5.08 billion respectively. 0x and Bancor Network accounted for another $4.76 billion and $2.59 billion respectively.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.