DEX monthly volume figures reach new high for February

Feb 24, 2021 | The Block News | 0 comments


Decentralized exchanges (DEXs) are set to finish February with the highest monthly volume on record, according to data collected by The Block.

With several days remaining in the month, February’s monthly volume figure is currently $64.83 billion — just edging out January’s $61.16 billion, as shown in the graph below:

Uniswap continues to be the market leader in the DEX space, posting a monthly volume above $30 billion for the second month in a row.

February has also seen the highest-ever level of monthly revenue for Ethereum miners, as The Block previously reported. Roughly half of that revenue has come in the form of transaction fees, a reflection of the elevated cost of transacting on the network today. The revenue figure also reflects the price of ETH, which briefly surpassed the $2,000 mark this month. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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