<p>Decentralized exchanges (DEX) on Ethereum just recorded their highest monthly trading volume, according to data from Ethereum analytics site <a href="https://explore.duneanalytics.com/public/dashboards/c87JEtVi2GlyIZHQOR02NsfyJV48eaKEQSiKplJ7">Dune Analytics</a>. 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. </p> <p><img class="graf-image" src="https://cdn-images-1.medium.com/max/1600/1*1GKKB-O31VeIzmXjzgPqPA.png" data-image-id="1*1GKKB-O31VeIzmXjzgPqPA.png" data-width="2432" data-height="1058" /></p> <p>As The Block previously <a href="https://www.theblockcrypto.com/linked/51099/total-dex-volume-on-ethereum-surpasses-2-3b-in-2019-with-idex-leading-the-market">reported</a>, in 2019, over $2.3 billion in trading volume were recorded on Ethereum-based decentralized exchanges.</p>