- Total traded volume for July passed $1.6 billion, as of Tuesday.
- Four platforms – Uniswap, Curve, Balancer, and Bancor Network – have already surpassed their June volumes.
- Balancer, one of the newest decentralized trading platforms, is close to doubling its June volume at $160 million, up 72% from $93 million at the end of last month.
- “For investors racing to get exposure to the newest decentralized finance (DeFi) projects, decentralized exchanges are the earliest and often only place to make those initial investments,” said Joseph Todaro, managing partner at Blocktown Capital.
Update (July 21, 17:50 UTC): This article has been updated with a comment from Blocktown Capital.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.