DEX monthly volume figures reach new high for February
February 24, 2021, 6:12PM EST
1 min read
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.
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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.
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