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DEFI Markets DEX Ethereum DEX Volume

DeFi

The total USD value of all trades executed on decentralized exchanges deployed on the Ethereum blockchain Shown here for Yield Basis.

Why it matters

To track overall spot trading activity happening on Ethereum's DEX ecosystem.

How it is built

Summing the USD notional of every swap transaction across all decentralized exchanges on Ethereum over a given period.

What to watch

Higher DEX volume reflects stronger trader demand and liquidity depth on Ethereum, while sustained declines can point to activity migrating to lower-fee chains.

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