Report: Total DEX transaction volume increased 32.53% month-on-month and 223% year-on-year in January

According to a report by The Block, the total transaction volume of the DEX-exchange-DEX increased by 32.53% month-on-month, and increased by 223% year-on-year in January 2020. In the past 12 months, the top 10 DEX traders have executed 48% of all DEX transactions, and the largest DEX arbitrageur has achieved 14% of arbitrage profits in the past 12 months. The decline in arbitrage profit relative to DEX trading volume indicates that the market efficiency has improved significantly in the past 12 months.