Cryptocurrency news

Trading volumes on decentralized exchanges reached $15 billion

Trading volumes on decentralized exchanges reached $15 billion

The boom of the decentralized Finance (DeFi) industry continues – from September 1 to September 17, 2020, trading volumes on DEX platforms reached $15 billion, and this is significantly more than in the whole of August.

According to Dune Analytics, trading volumes on decentralized exchanges for September are already 30% higher than for the whole of August ($11.6 billion). However, this is quite consistent with previous periods – trading volumes in August almost tripled the results of July.

As in previous months, the main trading volume falls on the Uniswap exchange – in September, users of this platform made 66% of the total number of transactions. The Curve Protocol is in second place with a score of 21%, and the Balancer Protocol closes the top three with 6%.

Over the past 24 hours, the volume of trading on the Uniswap exchange was $588 million. At the same time, more than a third of this volume was made up of trades with the UNI token launched on September 17 to manage the Protocol. After the release of UNI, the number of pending transactions in Ethereum temporarily jumped by 30%.