Report: Ethereum's DEX transaction volume has tripled since the beginning of 2019

According to Decrypt, Totle's new report shows that since the beginning of 2019, the transaction volume recorded by the Decentralized Exchange (DEX) running on Ethereum has tripled. In June of this year, DEX's transaction volume exceeded $300 million, an increase of 248% from January's $86 million. In contrast, the number of transactions in the same period increased by only 74%, which indicates that the transaction size is growing. However, it is worth noting that the price of Ethereum has doubled during this time, which is partly part of the increase in trading volume. The report also raises several other reasons for the increase in DEX usage. First, as DEX has been upgrading to optimize the experience, user confidence has increased. Second, the rise of DeFi applications may also play a role.