Decentralized exchanges have been registering astonishing volume transactions, justified by the rise on the Ethereum asset, climbing high to reach $400 per unit, also with the good environment caused by DeFi (decentralized finances), which are taking the world by "storm", with plenty DeFi assets surge on value leading investors to get more involved with this kind of assets.
The interest on Dex Exchanges is also justified by the easiest manner to lead with own assets, the investor lead with direct access to his funds, no need to deposit into the wallet exchange but dealing with own seed phrase, the keys, controlling all Crypto assets and with time to plan and study what better way to buy and sell assets also invest on a trending one! Uniswap smart contract automated maker Dex exchange seems to be the most appreciated and the largest used to transact Crypto assets.
Sources image modules by kapwing
In July, the Decentralized Exchanges saw a whooping $4.3 billions in volume transactions, surpassing the previous month June which stand by $1.5 billions, with it hit the new record on decentralized market.
This represents a 174% increase compared with the previous record registered on June performance, and Uniswap and Curve grabbed the large portion of customers using the exchange services.
Uniswap led the with a 41% activity on volume transactions with Curve right on the second with 24% in volume according to Theblockcrypto stats.
The decentralized exchange market service will continue to rise, following the Ethereum rose and decentralized finances tokens market, People are more aware of this services that don't need a middleman interference to deal with Crypto funds, people invest more direct from own wallets.
The unique worrying note on Dex are related to unstable higher transaction fees, at least the ones i use, which somehow harm the pocket and reduce the hability to exchange small amounts of tokens, but on generally they are more efficient, high effective and in total owners control.
The coming days will be spectacular with ETH risen and DeFi continue to Boom, the sky can't be no more the limit!
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Thanks for the great post thanks for keeping us updated about this