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 percentage of spot trade volume on DEXs compared to centralized exchanges was 8.98% for the month, a slight increase from June 2021
Coinbase 2021 H1 report largely attributes Ethereum’s growth to the explosion of decentralized finance (DeFi) on the Ethereum network. Moreover, it points to the increasing influence of institutional investors.
In recent months, leading DeFi services such as Copmpound and Aave continue to attract institutional investors.