Record-breaking trading volume of $1.1 trillion achieved by Decentralized Exchanges (DEXes) in August

Record-breaking trading volume of $1.1 trillion achieved by Decentralized Exchanges (DEXes) in August

In an unprecedented move, the decentralized exchange (DEX) market recorded a combined trading volume of $1.15 trillion in August, marking the first time that DEX trading volume has exceeded $1 trillion in a single month.

The record-breaking trading volume was not solely due to the performance of one exchange. Decentralized exchange Hyperliquid accounted for $383 billion of the record-breaking perpetual trading volume, while on the spot trading front, Uniswap had a monthly trading volume of $139 billion.

Perpetual trading volume reached a record high of $648.6 billion in August, surpassing the previous record held in an unspecified earlier month. This figure does not include the record-breaking DEX trading volume of August, which stands at $506.3 billion, making it the second-highest monthly total after January 2025.

The DEX trading volume in August, excluding perpetuals, also surpassed the $1 trillion threshold for the first time. This growth in total value locked suggests a return of investor confidence to the onchain economy.

The total value locked across DeFi protocols in August exceeded $152 billion. This information is an excerpt from the Unchained Daily newsletter, a free resource that provides updates on the latest developments in the cryptocurrency and blockchain industry.

Subscribing to the Unchained Daily newsletter offers insights into the record-breaking perpetual trading volume of $648.6 billion, which was in the perpetual trading sector, and the monthly DEX activity that surpassed the $1 trillion threshold for the first time. The founder and leader of Hyperliquid, the decentralized exchange that reached the highest monthly volume in perpetual trading in August 2022, is Jeff Yan.

These record-breaking figures underscore the growing importance of decentralized finance (DeFi) and the potential for further growth in the industry. As the DeFi landscape continues to evolve, it is crucial for investors and enthusiasts to stay informed about the latest developments. The Unchained Daily newsletter provides a valuable resource for staying up-to-date on the latest news and trends in the DeFi space.

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