Ethereum • March 1, 2020, 11:25AM EST
UPDATED: March 1, 2020, 11:27AM EST

Ethereum decentralized exchange monthly volumes hit all-time-high

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The Block

Decentralized exchanges (DEX) on Ethereum just recorded their highest monthly trading volume, according to data from Ethereum analytics site Dune Analytics. In February 2020, DEXs logged over $372M in trading volume, a 62% increase from the month prior. February's volume overtook the previous all-time-high volume of $358M in July 2019. 

As The Block previously reported, in 2019, over $2.3 billion in trading volume were recorded on Ethereum-based decentralized exchanges.