Ethereum decentralized exchange monthly volumes hit all-time-high


Decentralized exchanges (DEX) on Ethereum just recorded their highest monthly trading volume, according to data from Ethereum analytics site Dune Analytics. In February 2020, DEXs logged over $372M in trading volume, a 62% increase from the month prior. February's volume overtook the previous all-time-high volume of $358M in July 2019. 

As The Block previously reported, in 2019, over $2.3 billion in trading volume were recorded on Ethereum-based decentralized exchanges.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Bitcoin mining firm Genesis Digital Assets raises $431 million led by Paradigm

Iceland-headquartered bitcoin mining firm Genesis Digital Assets has raised $431 million in a strategic funding round led by investment firm Paradigm.  Genesis Digital Assets said in an announcement on Tuesday that other investors in the round included NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and Kingsway Capital. Kingsway also invested $125 million in a previous […]
Read Full Story
Sep 22, 2021, 2:30AM UTC