DEX Spot Trading Volume Plummets to Two-Year Low
Decentralized exchange (DEX) spot trading volume plummeted by 26% in July to $130.77 billion, its lowest level since September 2024.
The decline marks a continuation of a downward trend that began last autumn, with monthly spot DEX volume running near $231 billion in January and slipping to around $206.5 billion by March.
K33 Research analysts attribute the drop to a seasonal pattern, describing July as the weakest stretch of the year for Bitcoin trading volumes.