DEX monthly volume figures reach new high for February


Decentralized exchanges (DEXs) are set to finish February with the highest monthly volume on record, according to data collected by The Block.

With several days remaining in the month, February's monthly volume figure is currently $64.83 billion -- just edging out January's $61.16 billion, as shown in the graph below:

Uniswap continues to be the market leader in the DEX space, posting a monthly volume above $30 billion for the second month in a row.

February has also seen the highest-ever level of monthly revenue for Ethereum miners, as The Block previously reported. Roughly half of that revenue has come in the form of transaction fees, a reflection of the elevated cost of transacting on the network today. The revenue figure also reflects the price of ETH, which briefly surpassed the $2,000 mark this month. 

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC