According to Dune Analytics, total trading volume on Decentralized Exchanges (DEX) rose from $4.5 billion in July to $11.6 billion in August, up 160% year-on-year, setting an all-time high for the third consecutive month.
The DEX trading platform Uniswap trading volume reached $6.7 billion in August, an increase of 283% year-on-year, the recent daily trading volume is more than the centralized platform Coinbase for many days.
September 2 data, DEX trading platform Uniswap 24-hour trading volume exceeded $1.59 billion, Coinbase 24-hour trading volume of $655 million, the former reached 2.43 times of the latter.
With the popularity of Uniswap, some people believe that the decentralized exchange (DEX) robbed traffic from the centralized exchange (CEX).
If you participate in DeFi through DEX and CEX, you will think that this is completely a layman’s view. CEX and DEX complement each other, both of which together promote the liquidity of the DeFi trading market. It can be said that CEX is the bridge between the secondary market and DeFi, together with DEX thriving DeFi ecological market.
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