The trading volumes of decentralized cryptocurrency exchanges (DEX) in October fell by 23% compared to the previous month, Afexbit draws attention. In September, the value was equal to $24 billion, while in October it was $18.46 billion.
This is the first case of a decrease in DEX turnover since April of this year and a sharp change in trend compared to September, when the growth was 103%.
Most of the DEX trading volume in October came from two exchanges: Uniswap with 60.7% and Curve with 28.1%.
At the same time, there is a slowdown in the growth of the decentralized finance space (DeFi). October turned out to be the first month since the beginning of a sharp rise in DeFi this summer, when at the end of the month the volume of assets blocked in such projects was lower than at its beginning – $11 billion and $11.8 billion, respectively, according to the Afexbit crypto exchange.