<p>Data collected by The Block shows that the total volume for decentralized exchanges hit $4.3B billion in July, surpassing the previous record in June.</p> <p>The volume surge represents a 174% increase over the $1.5 billion performance in June. July represents the first time on record that DEX volumes have risen past the $4 billion mark.</p> <p><a href="https://www.theblockcrypto.com/linked/73675/dex-july-monthly-volume/volume-6" rel="attachment wp-att-73698"><img class="alignnone wp-image-73698 size-full" src="https://www.tbstat.com/wp/uploads/2020/08/VOlume.png" alt="" width="1567" height="719" /></a></p> <p>Automated market maker protocols Uniswap and Curve represented the bulk of July's activity. Uniswap led the pack with 41% of the volume, followed by Curve with 24% of the volume.</p> <p><a href="https://www.theblockcrypto.com/linked/73675/dex-july-monthly-volume/market-share-3" rel="attachment wp-att-73693"><img class="alignnone wp-image-73693 size-full" src="https://www.tbstat.com/wp/uploads/2020/08/Market-Share.png" alt="" width="1411" height="637" /></a></p> <p>At least part of the month's busy traffic may be attributed to the late July surge in the price of ether, the native cryptocurrency of Ethereum. But it's also a result of steadily growing activity in the decentralized finance, or DeFi space. </p> <p><em>[Read The Block's<a href="https://www.theblockcrypto.com/daily/73483/ethereum-five-years-charts" target="_blank" rel="noopener noreferrer"> five-year data breakdown</a>, published on Ethereum's fifth launch anniversary.]</em></p>