Monthly DEX Trading Volume Increased in May by 17%
In May 2022, the monthly decentralized exchange volume showed an increase of 17.2% from the volume registered in April: $108.5B —> $127.1B.
In addition, the market environment has changed the position of the leaders. According to the data from CryptoRank, Uniswap and PancakeSwap are still leading in terms of trading volume. Curve’s trading volume increased by 227% due to temporarily increased volatility of stablecoins, and Orca’s trading volume increased by 59% due to rise in popularity of Move to Earn game STEPN.