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Decentralized Exchange Volumes Rose 174% in July, Topping $4.3B and Setting Second Straight Record
  • 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.”
mempool-july-3
Decentralized exchange volume since January 2019
Source: Dune Analytics, CoinDesk Research

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