<p>Data for September shows that decentralized exchanges saw more than $23 billion in trade volume for the month.</p> <p>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 <a href="https://www.theblockcrypto.com/linked/76545/dex-trade-volume-august" target="_blank" rel="noopener noreferrer">than previously reported.</a></p> <div id="attachment_79717"class="wp-caption aligncenter" style="max-width: 1595px;"><img class="has-caption wp-image-79717 size-full" src="https://www.tbstat.com/wp/uploads/2020/10/DEX-Volume.png" alt="" width="1585" height="742" /><p class="wp-caption-text"><em>Source: Dune Analytics, The Block Research</em></p></div> <p>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 <a href="https://www.theblockcrypto.com/linked/77998/uniswap-goes-live-token-uni">launch</a> of its governance token. </p> <div id="attachment_79718"class="wp-caption aligncenter" style="max-width: 1339px;"><img class="has-caption wp-image-79718 size-full" src="https://www.tbstat.com/wp/uploads/2020/10/DEX-Market-Share.png" alt="" width="1329" height="632" /><p class="wp-caption-text"><em>Source: Dune Analytics, The Block Research</em></p></div>