Statistics show that monthly trading volume on decentralized exchanges (dex) has declined significantly since January 2022. It has remained scarce: as of January 14, 2023, Uniswap version 3 (V3) had the second highest volume and total value locked (TVL) of $3.57 billion over the past 24 hours at $1.9 billion and $3.57 billion, respectively. Indicators show that Curve has the second highest 24-hour trading volume on Saturday at $399 million and the highest TVL of assets locked on the dex platform at $4.19 billion.
Uniswap V3 dominates dex trading, decentralized exchange volume flat
After the first two weeks of January 2023, as of January 13, 2023, indicators show that there was a global swap ofGlobal swaps settled on the decentralized exchange (dex) platform totaled $15.33 billion ($190 billion). Last month, the dex protocol recorded roughly $43.65 billion in swaps, which means that in the first two weeks of the new year, it reached 35.12% of last month’s volume.
dex volume has been fueled in recent days as global cryptocurrency market prices have recently surged, jumping 6.24% in the past 24 hours. dex Uniswap V3 has gained the most volume in the past 24 hours with1.9 billion in swaps
Uniswap is the largest exchange in the world, with a total of $399 million on Curve ($399 million), Balancer ($190 million), Pancakeswap ($176 million), Uniswap Polygon ($164 million), Uniswap Arbitrum ($142 million) ($142 million), Sun.io ($132 million), Uniswap V2 ($91 million), and Uniswap Optimism ($77 million).
Notably,the top fivesmart contract platform tokens captured double-digit gains during the past week. Ethereum was up 20.6%, Binance Coin (BNB) was up 16.6%, Cardano was up 25.4%, Polygon was up 23.2%, and Solana jumped 68.5% higher against the USD over the past seven days.
The overall coin economy for smart contract platforms rose 8.5% against the USD in 24 hours. In addition, dex Curve is the top decentralized financial exchange with the most total value locked at 3 p.m. Eastern time Saturday, according to the data.
As of this writing, Curve commands $4.19 billionin total value locks (TVL), and Uniswap is just below it in protocol with $3.57 billion.Both Curve and Uniswap are followed by Pancakeswap ($2.46 million), followed by Balancer ($1.61 billion), Sun.io ($578.83 million), Sushi ($448.9 million), and Biswap ($232.3 million).
Of the 671 dex platforms or protocols that allow users to exchange or trade cryptocurrencies, $17.4 billion to