DEX volumes constituted 6% of centralized exchange volumes in August
The ratio of spot trading volumes on decentralized exchanges (DEXs) compared to centralized exchanges rose for another month in a row, eclipsing 6% for August.
July's ratio was 3.95%, as previously reported by The Block. The ratio broke out of a steady pattern above 1% starting in June, when the ratio more than doubled from May's 0.84% to 2.10%.
Source: CryptoCompare, Coingecko, Dune Analytics, The Block Research
August's overall DEX volume figure was more than $11 billion — a significant jump above July's $4.4 billion.