Algorand DEX Volume Surges to $6.19 Million

According to DefiLlama data, Algorand's decentralized exchange (DEX) trading volume reached $6.19 million over the past seven days, marking a 38.98% increase from the previous week. The figures indicate that Algorand-based DEXs recorded approximately $395,000 in trading volume over the latest 24-hour period, while cumulative DEX volume over 30 days stood at close to $16.8 million.

Tinyman, an automated market maker and decentralized exchange built on Algorand, accounted for the largest portion of trading activity among Algorand-based DEXs over the 30-day period. With around $13 million in 30-day trading volume and approximately $6.2 million in liquidity, Tinyman significantly outpaced other platforms operating on the network.

The data also shows that Pact ranked behind Tinyman, with approximately $3.8 million in trading volume over the same 30-day period. The figures provide a snapshot of trading activity across Algorand's decentralized-finance ecosystem rather than the network's total transaction activity.