Decentralized exchange volumes hit $23.5 billion in September
October 2, 2020, 11:35AM EDT
1 min read
Data for September shows that decentralized exchanges saw more than $23 billion in trade volume for the month.
The approximately $23.5 billion in volume reflects a 103% month-over-month increase compared to August's $11.6 billion, according to data published by Dune Analytics, which tracks volumes in the DEX ecosystem. September's volume figure is higher than previously reported.
Source: Dune Analytics, The Block Research
Two leading decentralized exchanges made up most of September's volume, with Uniswap making up 65% and Curve making up 22%. Uniswap's volume grew by 128% on a month-to-month basis, most likely fueled by the launch of its governance token.