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Decentralized Exchanges See $171.26B Weekly Trading Volume as Uniswap Regains Dominance
Decentralized Exchanges See $171.26B Weekly Trading Volume as Uniswap Regains Dominance
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BTCCSquare news:
Decentralized exchanges recorded $171.26 billion in spot trading volume last week, marking a 21.05% surge from the prior period. The growth underscores accelerating adoption of on-chain trading platforms.
Uniswap reclaimed its position as market leader with $23.46 billion in weekly volume, signaling a recovery from summer lows when PancakeSwap briefly overtook it. The protocol's $4.26 billion total value locked reflects strengthening user confidence in its DeFi infrastructure.
Other top performers included PancakeSwap, Meteora, and Hyperliquid - all benefiting from increased demand for permissionless trading. The sector's expansion comes amid broader crypto market resurgence, with traders increasingly favoring self-custody solutions.
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