Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,168.07
    -594.66 (-1.46%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,962.50
    +30.52 (+0.38%)
     
  • Bitcoin USD

    70,857.73
    +2,113.15 (+3.07%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,252.84
    +4.35 (+0.08%)
     
  • Dow

    39,788.70
    +28.62 (+0.07%)
     
  • Nasdaq

    16,388.97
    -10.55 (-0.06%)
     
  • Gold

    2,237.00
    +24.30 (+1.10%)
     
  • Crude Oil

    82.60
    +1.25 (+1.54%)
     
  • 10-Yr Bond

    4.1850
    -0.0110 (-0.26%)
     
  • FTSE Bursa Malaysia

    1,530.60
    -7.82 (-0.51%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Decentralized Exchange Volumes Rose 174% in July, Topping $4.3B and Setting Second Straight Record

July trading volume on decentralized exchanges set its second consecutive record high, rising 174% from June, according to data from Dune Analytics.

  • Aggregate trading volume on decentralized exchanges reached $4,32 billion in July, up from $1.52 billion in June.

  • 41% of July’s volume came from Uniswap, on which traders speculate on assets ranging from “a better Bitcoin” to a coin named after fried chicken.

  • CoinDesk previously reported trading volume topped June’s record part way through July.

  • “Decentralized finance has exploded over the past couple months. We’ve seen the largest use cases as trading, and borrowing and lending,” said Kyle Davies, co-founder of Three Arrows Capital. “I expect this trend to continue.”

Related Stories