Decentralized Exchange Volumes Rose 174% in July, Topping $4.3B and Setting Second Straight Record
(Source: coindesk.com)

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(Original link: coindesk.com)

Please consider using a different web browser for better experience. Please enable JavaScript in your browser for a better site experience. Decentralized Exchange Volumes Rose 174% in July, Topping $4.3B and Setting Second Straight Record Aug 1, 2020 at 13:59 UTC Decentralized exchange volume since January 2019 Zack Voell 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.” Decentralized exchange volume since January 2019 Source: Dune Analytics, CoinDesk Research Read more about... Decentralized Exchanges Uniswap Three Arrows Capital Disclosure
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups....