Monthly DEX Trading Volume Decreased in September by 23%
In September 2022, the monthly decentralized exchange volume showed a decrease of 23.4% from the volume registered in August: $66.7B —> $51.1B. This is the fourth 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 and PancakeSwap are still leading in terms of trading volume, together they accounted for over 70% of DEX trading volume in September. Curve is the only on among major decentralized exchanges that showed an increase in trading volume.