DEX monthly volume figures reach new high for February

Feb 24, 2021 | The Block News | 0 comments

dex-monthly-volume-figures-reach-new-high-for-february

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.

News Source from TheBlockCrypto.com

Related Articles

Coinbase’s market debut weighs on other crypto industry stocks

Coinbase’s market debut weighs on other crypto industry stocks

Since making its much-anticipated market debut, Coinbase has performed mostly in the red and that appears to be weighing on some of its publicly traded peers.  The stock—which began trading on the Nasdaq on April 14—has declined from more than $410 a share to about...

Pin It on Pinterest

Share This