Monthly DEX Spot Trading Volume Decreased in August
In August 2022, the monthly decentralized exchange volume showed a decrease of 8.65% from the volume registered in July: $65.93B —> $60.23B. This is the third consecutive month of decline in trading volumes on decentralized exchanges.
At the same time, the market environment has not changed the position of the leaders. According to the data from CryptoRank.io, Uniswap and PancakeSwap are still leading in terms of trading volume, they accounted over 72% of DEX trading volume in August.