Cryptocurrency
Non-custodial exchange volume hit an all-time high in March
As reported by The Block, “The total volume for non-custodial or decentralized exchanges (DEXs) hit an all-time high of $668 million in March, according to Dune Analytics. “That figure is 53% higher compared to the data from February, the previous all-time high month for volumes, Dune Analytics said on Wednesday. The data provider noted that this is […]
As reported by The Block, “The total volume for non-custodial or decentralized exchanges (DEXs) hit an all-time high of $668 million in March, according to Dune Analytics.
“That figure is 53% higher compared to the data from February, the previous all-time high month for volumes, Dune Analytics said on Wednesday. The data provider noted that this is the first time that DEX volumes are rising on a falling ether (ETH) price.
“Dune Analytics said the increased volumes could be a sign that DEXs are ‘solving a real problem’ and are ‘not just a toy anymore.’
“Notably, the total volume of non-custodial exchanges hit a 9-month low last December. Yet, the share of volume traded on these exchanges was higher when compared to the amount traded on the centralized exchanges…”