There is an Increase in Trading Volume in Decentralized Exchanges

The trading volume on DEXs increased to $133.1 billion in March, marking the third consecutive monthly increase and the highest monthly total since May.

Decentralized crypto exchanges have experienced a significant increase in crypto trading volume in recent times. According to DefiLlama data, the trading volume on DEXs increased to $133.1 billion in March, marking the third consecutive monthly increase and the highest monthly total since May.

One of the main reasons for this surge is the increased scrutiny from US regulators on centralized exchanges, putting the crypto industry under the most significant pressure it has ever faced. This pressure has led some crypto investors to turn to decentralized exchanges.

After the FTX crisis in the past, many users started to shift towards decentralized exchanges. The use of decentralized exchanges is believed to be safer compared to centralized exchanges and is driven by users’ need to control their own keys. Therefore, it is likely that the increase in crypto trading volume on decentralized exchanges will continue.

You can access our article titled “What is a Decentralized Exchange (DEX)?”

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