DEX volumes constituted 6% of centralized exchange volumes in August


The ratio of spot trading volumes on decentralized exchanges (DEXs) compared to centralized exchanges rose for another month in a row, eclipsing 6% for August.

July's ratio was 3.95%, as previously reported by The Block. The ratio broke out of a steady pattern above 1% starting in June, when the ratio more than doubled from May's 0.84% to 2.10%. 

Source: CryptoCompare, Coingecko, Dune Analytics, The Block Research

August's overall DEX volume figure was more than $11 billion — a significant jump above July's $4.4 billion.

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Aug 11, 2021, 5:18PM UTC