Statistics: weekly trading volume on decentralized exchanges approaches $20 billion

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According to analytical services, last week, the value of swaps on decentralized trading platforms exceeded $18 billion. Uniswap account for a half of the whole trading volume.

According to Dune Analytics, the trading volume on the decentralized marketplace Uniswap exceeded $9.7 billion last week. The exchange itself claims that the trading volume exceeded $10 billion. According to Dune Analytics, the total weekly volume of swaps on 13 decentralized trading platforms exceeded $18 billion. After Uniswap, the most popular trading platforms among users were Sushiswap ($3 billion), Curve ($2.1 billion), and 0x Native ($1.1 billion).

Uniswap’s weekly trading volume exceeded $10 billion for the first time, Uniswap founder Hayden Adams tweeted, noting that $10 billion in a week makes more than $0.5 trillion in a year. In terms of dominance according to Defipulse statistics, Uni is ranked third in terms of total blocked value (TVL). The total locked value in DeFi apps exceeded $58 billion.

It is worth noting the rapid growth of Pancakeswap, a decentralized marketplace powered by the Binance Smart Chain (BSC) blockchain. The weekly swap volume reached $4 billion. The most actively traded pairs on Pancakeswap include BNBBUSD, Safemoon/WBNB, CAKE/WBNB. The outstripping growth rates of Pancakeswap are due to the absence of swap fees.

Via: 2Coinfox.info

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