Weekly trading volume across decentralized exchanges (DEXs) surged 24.67% this week, reaching $39.99 billion as decentralized finance (DeFi) gains momentum.
output: DEX trading volume surged 24.67% to hit $39.99B this week. Uniswap led the market with $10B in trades and $1.88B in TVL. PancakeSwap and Raydium also saw significant activity with PancakeSwap reporting $6.41B in volume and $789.2M in TVL, while Raydium hit $4.29B. Orca and Aerodrome each posted $3.08B in trades, and Curve contributed with $1.51B, underscoring the market’s vibrant growth and increased competition among DEXs. The overall market share for DEXs climbed to 24.43%, reflecting users’ growing trust in decentralized financial systems over traditional, centralized models. Smaller exchanges, including DODO, ThorChain, and LFJ, are also contributing significantly with $950M, $621M, and $531M, respectively, further strengthening the decentralized ecosystem's position within the broader cryptocurrency market.
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