Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Tnoy30 on July 01, 2020, 07:44:46 PM
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June trading volume on decentralized exchanges set a record high of $1.52 billion, up 70% from May, according to data from Dune Analytics. This double-digit percentage growth is simply “the continuation of a trend dating back to the end of [2019],” Jack Purdy, decentralized finance analyst at Messari, told CoinDesk.
Curve and Uniswap control the largest amount of traded volume, recording $350 million and $446 million, respectively, in June. Both protocols are automated market makers that can also function as decentralized exchanges. Balancer, a similar platform, recorded $93 million in traded volume, up 2,460% from $3.6 million in May.
Read on: https://www.coindesk.com/decentralized-exchange-volumes-up-70-in-june-pass-1-5-billion
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June trading volume on decentralized exchanges set a record high of $1.52 billion, up 70% from May, according to data from Dune Analytics. This double-digit percentage growth is simply “the continuation of a trend dating back to the end of [2019],” Jack Purdy, decentralized finance analyst at Messari, told CoinDesk.
Curve and Uniswap control the largest amount of traded volume, recording $350 million and $446 million, respectively, in June. Both protocols are automated market makers that can also function as decentralized exchanges. Balancer, a similar platform, recorded $93 million in traded volume, up 2,460% from $3.6 million in May.
Read on: https://www.coindesk.com/decentralized-exchange-volumes-up-70-in-june-pass-1-5-billion
Based on what I understand, the DEX market was being improved in terms of volume sales, am I right? if yes, that means it's great news to all crypto users or believers and 1.5 billion is a lot of money anyway. This is a sign also that more of the crypto traders in this field of business are being more active at the moment.