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.