In a study by the Dune analytics team, it is said that in November, users of decentralized crypto exchanges (DEX) showed very high activity again.
Trading on DEX aggregators such as 1inch, Ox, and ParaSwap has grown significantly. The total trading volume on the last week exceeded $ 6 billion. In monthly terms, the number of transactions with digital assets on these sites increased by about 50%.
The first and second places in terms of trading volumes were taken by 1inch and Ox, which account for 53% and 42% of all transactions carried out in the first days of December. The Dune analytics report also states that in the last 24 hours alone, the trading volume on the aggregators of decentralized exchanges has reached $ 4 billion.
Trending: Salvadorans are against buying bitcoins at the expense of the budget
Recently, Kaiko analysts presented their research on the DeFi decentralized finance market.
According to them, the largest number of transactions are performed by whales, since Ethereum has very high commissions, and small traders do not have the financial capacity for frequent network activity.
UniSwap is the leader of the DEX ecosystem, accounting for up to 79% of total DeFi transactions.