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DEX volume continues to increase even as Bitcoin and altcoins adjust according to Cointelegraph


DEX volume continues to increase even as Bitcoin and altcoins correct

Decentralized Finance (DeFi) begins in 2021 by storming the crypto sector and helping to spur a high bull market cycle as traders take advantage of easy ways to trade cryptocurrencies. and earn high profits on their holdings.

Finally, the charge is high on (ETHNetworking and a couple of strong market sell-offs contributed to a drop in token prices and DeFi transactions that started late February, but that trend appears to have reversed over the past week when it was active on exchanges. Decentralized transactions are once again on the rise.

DEX users and volume comparison. Source: DappRadar
4-hour chart. Source: TradingView
DEX volume daily. Source: Dune Analytics