Decentralized Exchanges Has Became Very Popular In 2020
From the information provided by Anthony Sassano, product manager of Set Protocol, the trading volume of non-custodian sites exceeded $2 billion in the first four months of this year. This number has already come close to the entire last year’s level. Recall that the trading volume of decentralized exchanges in 2019 was 2.4 billion US dollars.
4 months into 2020 and total DEX volume on #Ethereum has already almost passed all of 2019's volume 🚀
Total DEX USD volume for 2019: ~$2.4 billion
Total DEX USD volume for 2020 (so far): ~$2 billion
Chart via @DuneAnalytics pic.twitter.com/qIQCx1zFQa
— Anthony Sassano | sassal.eth (@sassal0x) May 3, 2020
This means that such sites become very popular, and the following factors may be a reason:
- users` fear connected with hacking centralized exchanges;
- completion of the interface and increased liquidity of non-custodian sites;
- no pressure from regulators.
TOP 3 decentralized exchanges: Uniswap, dYdX, and Oasis. The previous leader, Kyber, took fourth place.