The DEX volume continues to increase even if Bitcoin and Altcoins are correct

The DEX volume continues to increase even if Bitcoin and Altcoins are correct

Decentralized Finance (DeFi) began in 2021 by taking the cryptocurrency sector by storm and helping to get the bull market cycle into high gear as traders benefited from opportunities to easily trade cryptocurrencies and make high returns on their Hodl stacks.

Finally, high fees on the (ETH) Network and some sharp market sell-offs contributed to a drop in token prices and DeFi transactions from late February, but that trend appears to have reversed over the past week as activity on decentralized exchanges picks up again.

DEX user and volume comparison. Source: DappRadar 4 hour chart. Source: TradingViewDaily DEX volume. Source: Dune Analytics

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