Decentralized exchanges record $1.1 trillion in trading volume as perpetuals drive historic trading month

Decentralized exchanges (DEX) processed a combined $1.15 trillion in spot and perpetual contract volumes during August, marking the first time monthly DEX activity surpassed the $1 trillion threshold.

According to DefiLlama data, spot DEX volumes reached $506.3 billion in August, falling just $1.5 billion short of the all-time high of $507.8 billion recorded in January.

The August figure represents an 18.4% increase from July’s trading activity, demonstrating sustained growth in on-chain spot trading.

Perpetual contract volumes drove the record-breaking performance, reaching $648.6 billion in August, a 31.3% jump from July and an absolute all-time high for the derivative product category.

The perpetuals surge accounted for 56.4% of total DEX volume during the month.