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DeFi Volumes Soar to New Heights as Uniswap Dominates Market

Guavy AI Editorial Team
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DeFi spot volume reached an all-time high of 23.9% relative to centralized exchange (CEX) volume in July, according to recent data.

This milestone occurred despite an overall market contraction: while DeFi volume fell 11% month-over-month to $175.7 billion, its lowest since September 2024, CEX volume declined even more.

Uniswap led the DeFi market, gaining over $53 billion in volume and capturing over 30% of market share, driven by the protocol's chain expansion and new updates.

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