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DEX's trading volume in February reached a record high of 64.8 billion USD.
The volume of Decentralized Exchange (DEX) hits a new high
Data shows that the trading volume of decentralized exchanges (DEX) in February has once again set a historical record. As of now, the total trading volume of DEX in February has reached $64.83 billion, surpassing the level of $61.16 billion in January.
A well-known DEX platform has maintained its leading position for the second consecutive month, with a trading volume exceeding $30 billion, continuing to lead the industry's development.
It is worth noting that in February, Ethereum miners' revenue also reached an all-time high. About half of the revenue came from transaction fees, reflecting the currently high transaction costs on the network, which is also related to the increase in ETH prices. This month, the ETH price once broke through the $2000 mark.
These data indicate that the decentralized finance (DeFi) ecosystem is continuing to develop rapidly, with increasing user demand for DEX. With the upgrade of the Ethereum network and the launch of scaling solutions, the future development prospects of DEX remain bright. However, high transaction fees are still a significant factor limiting the further popularization of DEX, and the industry is actively seeking solutions.