Ethereum decentralized exchange monthly volumes hit all-time-high
March 1, 2020, 11:25AM EST
1 min read
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.