CoinGecko tweeted that in the second quarter of this year, the spot trading volume of the top ten DEXs was US$155 billion, a decrease of 30.8% compared to the first quarter.
Among them, Uniswapmaintained its position as the largest DEX, accounting for as much as 70% of the trading volume in May.
According to the previous news, the CoinGecko report shows that in the second quarter of 2023, the total spot transactions of the top ten centralized cryptocurrency exchanges totaled 1.42 trillion US dollars, a decrease of 43.2% from the first quarter.
Binance was greatly affected by withdrawing from some markets, being sued by the SEC, and layoffs. Its dominance fell from 61% to 52% in just three months.
The stablecoin market was also affected, with BUSD losing 45.4% of its value between April and June.
TUSD became the stablecoin with the largest increase in market value in the second quarter, and its market value increased by 50%.
The market value of USDT has increased by 4.4%, and it still ranks first, accounting for 66% of the stablecoin market share.