Trading volumes on both centralized and decentralized exchanges (DEXs) declined in August compared to the previous month. Transaction volume in August reached $630.3 billion. That figure was down slightly from $632.7 billion in July.
Binance remains the leading centralized exchange in terms of market share (69.5%), followed by Coinbase (9.3%) and FTX (7.8%).
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With $53.9 billion in volume on decentralized exchanges in August, Uniswap UNI 0.81% continues to maintain its market dominance.
It was down 3.6% month-on-month. The Lars Hoffmann report said that the share of trading volume on both decentralized and centralized exchanges declined in August to 8.6 percent.
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