March decentralized exchange volumes fell by 8%
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Decentralized exchanges (DEXs) ended the month of March with a total monthly volume of $67.32 billion, falling by 8.12% from the previous month, according to data gathered by The Block.
This marks the first time since November 2020 that the monthly DEX volume has decreased.
Uniswap continued to account for the majority of the monthly volume with $41.02 billion. Sushiswap and Curve accounted for $10.06 billion and $5.08 billion respectively. 0x and Bancor Network accounted for another $4.76 billion and $2.59 billion respectively.
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Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.
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