Ethereum DEX Trading Activity Soars, Uniswap Market Share Exceeds 97%

Odaily Planet Daily News: This month, trader activity on Ethereum decentralized exchanges (DEX) has significantly increased, with daily active users reaching approximately 64,000, marking a three-month high and surging 73% from the low on May 4th. This indicates a renewed interest in Ethereum trading among retail investors, possibly driven by improved market sentiment and the recent rise in ETH prices.
Despite the surge in the number of traders, the monthly DEX trading volume remains around $15 billion, suggesting that the current growth is primarily driven by small transactions rather than institutional or large investors. Uniswap continues to dominate, with a monthly trading volume of $13 billion and approximately 62,000 traders in its ecosystem, capturing a market share of 97%. Market observers will continue to watch whether this wave of activity can signal a broader market breakthrough. (The Block)