Last updated on August 3rd, 2021 at 07:34 am
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DeFi Adoption: According to the data obtained from Dune Analytics, the volume of decentralized exchanges broke the all-time high set in June, reaching $1.5 billion.
Top four platforms including; Uniswap, Curve, Balancer, and Bancor Network made an outstanding progress during the month surpassing their June volumes.
Read Also: Understanding What is DeFi and How It Works
Amongst the four, Balancer, a newly launched decentralized trading platforms, had an outstanding performance with the volume up by 72 percent since June. The number of DeFi tokens traded has continued to increase signalling a huge incoming DeFi adoption.
Uniswap and Curve covered most of the volumes in a combined 53% margin gap of the total $1.5 billion traded via DEX.
“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.
