DEX volumes have already surpassed $120b in 2021
Cointelegraph
Published Feb 24, 2021 10:47PM ET
Updated Feb 25, 2021 12:20AM ET
Ethereum-powered decentralized exchanges, or DEXes, continue to surge despite high transaction fees — with DEXes processing more than $120 billion in 2021 so far.
According to Ethereum market analytics platform Dune Analytics, combined DEX volumes posted a new record of $63 billion in January. February's volume currently sits at $59 billion and is on track to hit $67 billion at the month’s end.
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Written By: Cointelegraph
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