DEX volumes soared in August to surpass $11 billion for the month

Data for August shows that decentralized exchanges saw more than $11 billion in monthly trade volume.

The roughly $11.6 billion in volume reflects a 152% month-over-month increase compared to July's $4.4 billion, according to data published by Dune Analytics, which tracks volumes in the DEX sector. July's volume figure is bigger than previously reported, as it reflects the retroactive tracking of volume for the derivatives liquidity protocol Synthetix.

Source: Dune Analytics, The Block Research

As was the case last month, the bulk of DEX volume came from Uniswap. All told, Uniswap accounted for 58% of August's volumes, with Curve representing 16%.

Source: Dune Analytics, The Block Research

Data published by Dune shows that Uniswap is the current market-leader for volumes. Uniswap has seen roughly $2.5 billion in volume for the past seven days and nearly $700 million in the last 24 hours.

All told, the DEX ecosystem has seen $3.8 billion in volumes in the last week alone.