July's Decentralized Exchange Volumes Have Already Topped June's Record, Reaching $1.6B

DEX trading volume already beat June's record, passing $1.6 billion as of Tuesday.

Jul 21, 2020 at 5:38 p.m. UTC
Updated Sep 14, 2021 at 9:33 a.m. UTC

Decentralized exchange volumes have already broken the all-time high set in June, according to data from Dune Analytics.

  • 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. 
CoinDesk - Unknown

Aggregate volumes for decentralized trading platforms through July 21, 2020

Update (July 21, 17:50 UTC): This article has been updated with a comment from Blocktown Capital.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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.

Trending

1
CoinDesk - Unknown
ICO-Funded Project Sparkster Converts $22M in Ether to USDC After 3 Years, No Product

Sparkster promised investors a “no-code” software-creation platform using $30 million in funds raised from investors in 2018.

Sparkster promised investors a “no-code” software-creation platform using $30 million in funds raised from investors in 2018.

CoinDesk - Unknown
2
CoinDesk - Unknown
GameStop Unveils Crypto and NFT Wallet, Shares Jump 3%

A beta version of the self-custodial Ethereum wallet is available to download now from GameStop's website.

A beta version of the self-custodial Ethereum wallet is available to download now from GameStop's website.

CoinDesk - Unknown
3
CoinDesk - Unknown
Japanese Bank Sumitomo Mitsui Trust to Establish Digital Asset Custodian: Report

The bank's pivot to digital assets comes alongside a global banking shift toward cryptocurrencies.

The bank's pivot to digital assets comes alongside a global banking shift toward cryptocurrencies.

CoinDesk - Unknown
4
CoinDesk - Unknown
BNP Paribas Joins JPM's Blockchain Network Onyx for Fixed Income Trading: Report

The French bank will use the Onyx network for short-term fixed income trading.

The French bank will use the Onyx network for short-term fixed income trading.

CoinDesk - Unknown