Monthly DEX Trading Volume Decreased in October by 15%
In October 2022, the monthly decentralized exchange volume showed a decrease of 14.6% from the volume registered in September: $55.6B —> $47.6B. This is the fifth consecutive month of decline in trading volumes on decentralized exchanges.
At the same time, the positions of the leaders remain unaffected by the market sentiment. According to the data from CryptoRank.io, Uniswap V3 and PancakeSwap are still leading in terms of trading volume, together they accounted for over 69% of DEX trading volume in October. Uniswap V2 is the only on among major decentralized exchanges that showed an increase in monthly trading volume.