Recent DEX metrics and 2021 themes
Quick Take
- The total trade volume on decentralized exchanges was $116.7 billion in 2020 — up from $3.0 billion in 2019 or a 3,790% increase.
- To start 2020, we have seen record trade volumes on DEXs. In the first week of January, trade volume has been higher than on any day before.
- The challenge in 2021 is to bring scalability from Layer 2 solutions to DEXs, despite the limitations they place on composability.
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Author: Mika Honkasalo
