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The trading volume of Uniswap in July reached the low point of the year, a decrease of more than 24 billion US dollars from the annual high



Time:8/13/2022 12:23:10 PM

[Uniswap’s July trading volume hit a yearly low, more than $24 billion less than the annual high] According to news on August 13, Uniswap’s trading volume hit a new low in July, and this month proved to be a decentralized exchange (DEX) transaction One of the worst times in history.

According to data from Be[In]Crypto Research, in the first month of the third quarter of 2022, the DEX recorded a trading volume of about $37.8 billion.

While this figure may seem high compared to competing products such as 1inch, SushiSwap, Curve, Balancer, dYdX, Loopring, Shibaswap, and Mooniswap, it is down 18% from June ($46.4 billion) and compared to the same period last year ( Compared with 39.8 billion US dollars), the transaction volume in July this year fell by 4% year-on-year.

Overall, Uniswap’s July trading volume was $24.8 billion lower than May’s yearly high of $62.7 billion. (BeInCrypto)

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