Decentralized exchanges reached $23.6 Billion in September 2020 from $11.6 Billion record of trade volume last August 2020.

After the Decentralized exchange record 160 percent rise in trading volume that worth of $11.6 Billion dollar this last August 2020 another doubling the volume of trading was happen in month of September 2020 which is recorded as it's already third consecutive month of rise.

The September volume on Decentralized exchanges record a 106% of volume rose which is worth total of $23.6 Billion dollars.

Decentralized Exchanges Growth of $23.6 Billion dollars in September from $11.6 Billion dollars in august 2020 is due to the fact of rising of the leading decentralized exchange UNISWAP, Curve, and 0x which recorded a growth on its own TVL by more than 50% since August.

We all witnessed the unique strong incentives of UNISWAP last month which lead the cannibalize of the platform to others decentralized exchanges which the reason of leading the decentralized exchanges to record the 3rd consecutive months doubling the volume in trading.

UNISWAP lead the decentralized exchanges by having a 128 percent volume increase in month of September 2020 which reaching its $15.3 Billion trading volume - over 50% of the $23.6 Billion record in trading volume that was record in September in decentralized exchanges volume rose.

UNISWAP rose to prominence over the course of 2020 after releasing the second version of its platform which we all witness last month. by this action of UNISWAP a lot of aspiring company followed its step and make there own unique idea that could get there strong incentives program which lead the decentralize exchanges to get another record of rose volume.

It also record to be the first one who locked over $2 Billion dollars in ethernium last September with $13.8 Billion dollar of total value lock alone after the released of it UNI governance token

Source :

coinbase news

coindesk.com

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