DeFi weekly swaps reach $17 billion Trading volume on decen | DeFi Protocol

DeFi weekly swaps reach $17 billion

Trading volume on decentralized exchanges (DEX) reached $17 billion on 21 Ethereum platforms. On BSC, Pancakeswap showed a turnover of $400,000 to $860,000 every 24 hours during the past week. Meanwhile, DEX aggregators are ramping up trading volumes.

The Decentralized Exchange (DEX) trades billions of dollars worth of swaps every week. In the past seven days, DEX's trading volume on 21 Ethereum-based platforms has reached $17 billion. Global swaps on the 21 DEX platforms totaled $2.95 billion in the last 24 hours and DEX aggregators totaled $3.8 billion in 24 hours. According to Dune Analytics statistics, DEX aggregators such as 1inch now account for about 22.7% of DEX trading volume.

Currently, the top DEX aggregator is 1inch, followed by 0x API. These two DEX aggregation platforms are followed by Matcha, Paraswap and Tokenlon.