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We all know that DEX is making huge revenue in recent days. Many DEX platforms has experiencing constant hype in number of users signup and trade volume each seconds. This shows the significant interest and trust of crypto traders over DEX exchanges. Hope you all come cross the concept of DeFi – Decentralized Finance which is also creating a greater hype in crypto space. If you are unaware of DeFi , let me define DeFi in short . The DeFi is a short form of Decentralized Finance (DeFi). This Decentralized Finace or Open Finance is one that includes digital assets, protocols, decentralized applications that are built on blockchain, smart contracts and so on.  This increase in DEX volume and DeFi value in the cryptocurrency world, is increasing the value of Ethereum which is the main trading altcoin in both DEX and DeFi system. Recent news says that , Ethereum, the second-ranked cryptocurrency by market cap’s most important use cases, continues to spik...

Decentralized Exchanges are making more revenue in the recent days. DEX platforms is being used by traders more than CEX as it also provides more secured platform to trade cryptos anytime without the involvement of third parties. The users base for DEX and number of trades on the DEXs increases each day to a high amount and this pandemic period has predominant effects on the crypto markets. Recent news in “The Block” shows that “Monthly volumes for DEXs soared past $1.5 billion to hit all-time high in June” It summarizes that Decentralized exchanges saw their busiest month ever in terms of trade volume, according to new market data. The raw figures, collected from Dune Analytics, show that DEXs posted a monthly volume of $1.51 billion for June. This represents a month-over-month increase of 70% The raw figures, collected from Dune Analytics, show that DEXs posted a monthly volume of $1.51 billion for June. This development represents a month-over-month increase of 70% ...