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