Bitcoin

The combined liquidity of the decentralized exchanges marks a new all-time high of $ 10 billion

The level of collateral on decentralized exchanges is approaching a milestone of $ 10 billion. and Uniswap is still at the top.

Volume and liquidity on decentralized exchanges increased in 2021, Guarantees are nearing a $ 10 billion milestone, according to a study by  Messari.

The researcher Rahul Rai found this February’s DEX volume rose to a record $ 72 billion. Dappradar reports thatUniswap has more than half of the total liquidity tied up in DEXs, with a TVL of $ 5.4 billion.

The combined liquidity of the decentralized exchanges marks a new all-time high of $ 10 billion
The combined liquidity of the decentralized exchanges marks a new all-time high of $ 10 billion

Rai added that Despite their success, automated market makers face their own challenges:

“A number of inherent issues such as volatile loss (IL), capital efficiency, slippage, gas costs, speed, and exposure to multiple tokens hold them back.”

According to Dune Analytics Uniswap’s dominance over the Ethereum-powered DEX sector is growing as the exchange has weekly trading of around $ 6.5 billion, or 62.2% of Ethereum’s combined DEX trading.

Monthly volume of DEXs with Ethereum. Source: Dune Analytics

The rival DEX SushiSwap, which was founded at the end of August 2020 as a fork of Uniswap and has big plans for 2021, It ranks second in volume with $ 1.6 billion weekly trading, or 15.2% of the sector’s total trade.

Curve Finance occupies the third market sharewith 6.2% hosting operations valued at $ 647 million in the past seven days.

DeFi aggregators are growing at an unprecedented rate, with volumes this year already dwarfing those for 2020 as a whole. The exchange 1Customs exchange is currently one of the top companies in terms of volumeWith just over $ 1 billion in the past seven days, according to Dune Analytics.

The total volume of the sector has already reached 44.3 billion US dollars in March. This is more than in October and November 2020 combined.

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