NewsBTC

2 September 2025

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DEX Volume Exceeds $1 Trillion for the First Time in August

The decentralized exchange (DEX) market achieved a record $1.15 trillion in volume during August, marking the first month that combined spot and perpetual contract volumes surpassed $1 trillion.

• Spot DEX volumes reached $506 billion.
• Perpetual contract volumes exceeded $648 billion, an all-time high.
• Uniswap led with over $143 billion in total volume, accounting for 28.2% of the month's spot activity.
• PancakeSwap followed at $56.6 billion, while HyperLiquid ranked third with $21.7 billion.
• The DEX-to-CEX trading ratio increased to 17.2%, indicating greater on-chain token swap interest.
• The DeFi market cap is now $160 billion.

The growth of DEXs aligns with the increasing accessibility of Web3 technologies. The Best Wallet application is noted for facilitating fiat conversion and integrating multiple DEXs.

The rise in DEX volume suggests a heightened demand for token swaps and leveraged trading, particularly in perpetual futures.