Decentralized exchanges saw $56 billion in monthly volumes for July

Decentralized exchanges saw $56 billion in monthly volumes for July

Decentralized exchanges saw $56.47 billion in volume during the month of July, representing another monthly decline.

According to The Block's Data Dashboard, 65% of the monthly volume figure was derived from Uniswap v2 and v3 — $10.6 billion and $26.57 billion, respectively. SushiSwap and Curve posted $6.07 billion and $5.13 billion in monthly volumes, respectively.

The monthly figure signifies another month-over-month decline, compared to June's $80.85 billion. The DEX ecosystem peaked volume-wise in May, posting $162.02 billion in volume, as noted in the chart above. Uniswap's v3 went live that month.

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