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DEX Spot Volume Hits Two-Year Low as Crypto Market Value Climbs

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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.

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