DEX Trading Volume

Oct 4

Written By Guest User

The number of transactions on decentralized exchanges has fallen to a point that it was at for the end of last year.
High gas fees at times make DEXs useless and the rise of NFTs took people away from those exchanges as well. Many DEXs are not user friendly which also turns people away as you have to jump through hoops to make a trade.
The price of ETH; however, has continued to rise which can be due to the burning of large amounts of tokens and an also large number of ETH coming off exchanges and locked in ETH 2.0 smart contracts.
It is still early and if exchanges like Uniswap can grow and fix their UI and UX issues the future can be bright for many of these projects.

Guest User

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