Dec 14th 2021
Volatile growth for DEXes in 2021
Users are much more active on decentralized exchanges than at the beginning of the year, but trading volumes are volatile.
Source: Dune Analytics
The aggregated trading volume on decentralized exchanges (DEXes) is much higher in 2021 than in 2020. This increase comes after extreme growth in the breakthrough year of 2020.
The growth in DEX trading volume has been very volatile, as we have seen huge differences in trading volume between the different months.