In May 2023, monthly decentralized exchange volume increased by 13.5% compared to the volume recorded in April: $55.4 billion -> $66.4 billion.

According to CryptoRank data. io, the leading decentralized exchanges for trading remain Uniswap and PancakeSwap, both DEXs saw an increase in trading volume in May.

For example, Curve lost 20% of its trading volume.

Most likely, the influx of capital is associated with increased fuss around centralized exchanges!