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DEFI Markets DEX DEX Volume Monthly

DeFi

The total USD value of all token swaps executed on decentralized exchanges Shown here for Uniswap.

Why it matters

To measure the overall level of on-chain spot trading activity.

How it is built

Summing the USD notional of every swap transaction executed on tracked DEX smart contracts over a given period.

What to watch

Rising DEX volume signals growing on-chain trading demand and liquidity depth, while falling volume points to reduced trader activity or capital rotating elsewhere.

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