Ethereum-based DEX surpassed $2.3 Billion trade volume in 2019

In 2019, a total of $2.36 billion trade volume was executed on Ethereum-based decentralized exchanges (DEX). According to the analytics site Dune, IDEX leads with $853 million in trade volume followed by Oasis $498 million and Kyber $388 Million.

However, based on the last 3-month trend, Uniswap is increasingly capturing a huge pie of market share. Meanwhile, Oasis’ market share over the same period shows signs of decline.

In the closing week (24-30 Dec) of the previous year, the data shows Kyber had the highest trade volume of $13 million followed by Uniswap which saw a trading volume of $10 million. Uniswap also attracted the most traders during 24-30 Dec i.e. 2821 traders followed by IDEX with 2312 traders.