Decentralized transaction volume exceeds USD 1 trillion in 2021, Uniswap leads the way – Defi Bitcoin News


Decentralized exchange (dex) trading volume has become very prominent this year, and some dex applications handle a large volume of transactions ranging from large centralized crypto exchanges. In the past 7 days, the Ethereum-based dex platform has processed $21 billion, and Uniswap accounts for 71% of all Ethereum-based dex applications today. Statistics from a report released by The Block Research and recently updated indicators show that the transaction volume of the dex platform reached US$1 trillion in this year.

According to the digital asset report, Dex transaction volume in 2021 will reach a new high

Decentralized finance (defi) has grown a lot this year, and as the end of 2021 approaches, more than 250 billion US dollars According to, the value is locked in the defi agreement. index It further shows that in all blockchain platform dex applications, Uniswap Today’s 24-hour trading volume reached 1.45 billion U.S. dollars. The data also shows that Uniswap’s total lock-up value (TVL) is approximately US$8.81 billion, slightly lower than the US$22.36 billion TVL held by Curve Finance.

In terms of today’s 24 dex leaders, under Uniswap is Pancakeswap, with a 24-hour transaction volume of US$848 million. The 24-hour trading volume below Pancakeswap is Trader Joe (US$453.7 million), Curve (US$453.1 million), Sushiswap (US$401 million), Uniswap v2 (US$380 million) and Spookyswap (US$185 million).Just recently, The Block Research published a comprehensive 150 page report Covering the “Digital Asset Outlook in 2022”, the research covers centralized and decentralized transaction volumes.

Report: Decentralized transaction volume exceeds USD 1 trillion in 2021, Uniswap leads
1-year dex transaction volume chart based on data.

For example, the vice president of research at, Larry Cermak, Explain in tweet On December 16, “The Block’s legal trading volume index, spot trading volume in 2021 will exceed 14.5 trillion U.S. dollars, which is 8 times the trading volume we saw last year.” Statistics from the research and Report author Ujita Katri It further shows that the dex transaction volume report in 2021 has a transaction volume of more than 1 trillion U.S. dollars.

The 2022 Digital Assets Outlook report pointed out: “In general, the monthly dex transaction volume peaked in May 2021, reaching 162.8 billion US dollars, and the most significant month-on-month increase was in January, an increase of 137.3%.” “But , The trading volume has not fully recovered from the May crash, and the ratio of dex-to-centralized exchange spot trading volume has remained below 10% throughout the year.”

Report: Decentralized transaction volume exceeds USD 1 trillion in 2021, Uniswap leads
Historical dex trading volume chart based on data.

In addition to dex volumes, the report also emphasizes the use of dex aggregators.According to this research, the dex aggregator likes 1 foot Only accounted for 13.9% of the entire dex transaction volume. “1inch is the leading dex aggregator for the year, with a market share of 64.9%, followed by 0x API (Matcha) with 16.8%,” the researchers explained in detail. The scope of the researchers’ 2022 study delved into many other topics, such as market performance, derivatives markets, mining revenue, on-chain transaction volume, stablecoins, and a summary of venture capital in 2021.

What do you think of the decentralized exchange (dex) trading volume exceeding USD 1 trillion this year? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about destructive protocols emerging today.

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