Dune Analytics: trading volumes on decentralized exchanges decreased by 23% in October

/>

According to Dune Analytics, October turned out to be not too successful for decentralized trading platforms (DEX) - the volume of trading on these exchanges decreased by 23%.

If in September, users of decentralized exchanges made transactions on $24 billion, then in October the volume of trading was $18.46 billion. However, even despite the decrease in indicators, October remains the second most in the amount of trading in the entire history of the existence of DEX.

The largest decentralized retail sites are the UNISWAP and Curve exchanges. Moreover, if the share of Uniswap has been holding on the third month at the same level (about 58%), then the Curve protocol continues to "eat" a share of other sites. In August, Curve was committed 16% from the total trading in the industry, In September, the share increased to 21.7%, And in October, she already composed 26.88%.

Analysts note, that the fall of the volume of trading would be even more significant, If not for an abnormal surge of the indicator 26 October. Then the Defi Harvest Finance protocol was hacked and the attackers were able to kidnap $25 mln.

Looks like, that hackers used the UNISWAP and Curve platforms to launder. 26 on October, the daily trading volume on the decentralized Uniswap exchange has grown more than 1 300% To the record $2.15 billion.

Recall, that the volumes of trading on decentralized exchanges have constantly grown since April 2020 of the year. In September, growth compared to August compiled impressive 103%.