Over the last seven days, decentralized exchange (dex) trade
volume has tapped $17 billion across the 21 Ethereum dex platforms.
Pancakeswap has seen between $400K to $860K every 24 hours during the
last week as well. Meanwhile, dex aggregators are eating away at dex
trade volumes, becoming more popular by the day.
Uniswap Commands Top Dex Trade Volume, Aggregation APIs Capture a 22% Share of Ethereum-Based Dex Volumes
Decentralized exchange (dex) trading continues to see billions of dollars in swaps every week. During the last seven days, dex trade volume
has tapped $17 billion across 21 Ethereum-based dex platforms. Over the
last 24 hours, the 21 dex platforms saw $2.95 billion in global swaps
and dex aggregators captured $3.8 billion in 24-hour volume. Dex
aggregators like 1inch share around 22.7% of the dex trade volumes
today, according to stats from Dune Analytics.
Meanwhile, Pancakeswap, the Binance Smart Chain (BSC) dex, has seen between $400K to $860K every 24 hours during the last week as well. Some of the largest trading pairs on Pancakeswap on Thursday include CAKE, WBNB, ETH, and USDT.
Uniswap is the largest dex today out of the 21 Ethereum-based
decentralized exchange volumes recorded on Dune Analytics. Out of the
aggregate total of $17 billion, Uniswap captures 65.6% or over $11
billion in global swaps during the week.
Top Five Dex Aggregation Platforms Today Include 1inch, 0x API, Matcha, Paraswap, Tokenlon
Uniswap is followed by Sushiswap which captures $2 billion or 12% of
the seven-day dex trade volumes. Sushiswap is followed by Curve ($1.5B),
0x Native ($946M), Dodo ($585M), Bancor ($433M), and Balancer ($303M).
Seven-day statistics show that Uniswap has the highest number of traders
(or unique addresses) with 135,851 recorded on Thursday. This is
followed by 1inch (34,842), Sushiswap (22,820), 0x API (17,627),
Paraswap (5,297), and Matcha (4,154).
Aggregators have been eating into the trade volume as the platforms
allow users to choose between multiple dex protocols and search for the
best trades. Currently, the top dex aggregator is 1inch, followed by 0x
API. These two dex aggregation platforms are followed by Matcha,
Paraswap, and Tokenlon. This week, the top dex aggregator 1inch revealed it was introducing optimistic rollup technology to reduce fees and network congestion.
source link : https://news.bitcoin.com/weekly-defi-swaps-tap-17-billion-while-dex-aggregators-now-share-22-of-trade-volume/
