Decentralized exchange volumes hit $23.5 billion in September
Data for September shows that decentralized exchanges saw more than $23 billion in trade volume for the month.
The approximately $23.5 billion in volume reflects a 103% month-over-month increase compared to August's $11.6 billion, according to data published by Dune Analytics, which tracks volumes in the DEX ecosystem. September's volume figure is higher than previously reported.
Source: Dune Analytics, The Block Research
Two leading decentralized exchanges made up most of September's volume, with Uniswap making up 65% and Curve making up 22%. Uniswap's volume grew by 128% on a month-to-month basis, most likely fueled by the launch of its governance token.
Source: Dune Analytics, The Block Research
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Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.
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