Trading Volume Declined to $56.4B in July On Decentralized Exchanges

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Trading volume in decentralized cryptocurrency exchanges decreased to $56.47 billion last month as a result of falling traders’ activity during the past months, The Block reports.

The ranking of largest DEX is led by UniSwap, in which more than 65% of transactions were conducted. In dollars, Uniswap v2 and v3 processed transactions valued at $10.6 billion and $26.57 billion, respectively.

The second and third positions are for SushiSwap and Curve, with $6.07 billion and $5.13 billion in monthly transactions, respectively.

We should remember that July has not been the only month with falls. For example, in June a decline was also observed, as the users of decentralized exchanges made transactions valued at about 80.85 billion. However, the situation was very different in May, when the trading volume for that month exceeded $162.02 billion.

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