DEX Spot Volume Hits Two-Year Low as Crypto Market Value Climbs
Decentralized exchange (DEX) spot trading volume plummeted by 26% in July to $130.77 billion, its lowest reading since September 2024.
This decline marks a continuation of the trend seen across all decentralized trading segments in the second quarter.
The total crypto market value, however, climbed approximately 11% this month, reaching around $2 trillion after dipping below that threshold early on.
Stablecoin supply also contracted by $2.23 billion, shrinking to about $308.47 billion as tracked by DeFiLlama.