Interest in decentralized trading platforms hits a record high

Monthly volume on the DEX relative to the CEX reached its highest level ever at 14.39%. The previous record was 13.7% in May 2023.

Total monthly trading volume on DEX is holding steady at $150 billion and is still far from the record $263 billion in May 2021.

The largest decentralized trading platform with a daily trading volume of $1.5 billion is Uniswap.