Decentralized exchanges recorded over $1 trillion in trading volume in 2021
Hassan Maishera - Cryptowisser
The Block’s 2021 Digital Asset Outlook Report has revealed that decentralized exchanges have recorded more than $1 trillion in trading volume since the start of the year.
The $1 trillion recorded by DEXs represents a 858% increase compared to 2020. Last year, decentralized exchanges recorded only $115 billion in trading volume. Uniswap continues to dominate the decentralized exchange space, with a market share of over 70%.
Decentralized exchanges are platforms that don’t require users to deposit funds to start trading and don’t hold the funds for the user. Instead, users trade directly from their own wallets.
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