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Ethereum’s high gas fee ‘preventing more retail traders from using DEXs’ – Report
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The exponential rise in decentralized financial activity over the past year has inadvertently also resulted in the increasing popularity of decentralized exchanges, which are aimed at making finance democratized and accessible.
As it turns out, the cumulative volume on DEX’s recently surpassed $600 billion, according to data analytics company Kaiko, which has just released the “industry’s first DEX Data Feed.”
In a recent weekly research note, the firm noted that the sector was being dominated by Uniswap V3, which accounts for the largest market share of cumulative and weekly volume, as it facilitates $10-$13 billion in volume every week. Although these numbers might seem high, they are still significantly lower when compared to centralized
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