DEX Volume Hits Record High Amid Ethereum Staking Rewards Debate

Decentralized exchanges (DEXs) reached an all-time high in July, accounting for nearly 24% of total spot volume on cryptocurrency markets.

This milestone comes despite a month-over-month decline in DEX trading volume to $175.7 billion, its lowest since September 2024.

Uniswap led the way among DEXs, capturing over 30% of market share and adding more than $53 billion in volume due to recent chain expansion and updates.