Decentralized exchanges (DEX) processed a combined $1.15 trillion in spot and perpetual contract volumes during August, marking the first time monthly DEX activity surpassed the $1 trillion threshold.
The August figure represents an 18.4% increase from July’s trading activity, demonstrating sustained growth in on-chain spot trading.
The perpetuals surge accounted for 56.4% of total DEX volume during the month.
Ethereum processed $140.4 billion in monthly spot volume, while Solana registered nearly $120 billion. BNB Chain rounded out the top three with approximately $60 billion in spot trading activity.
Ethereum-based perpetual protocols processed $72.5 billion, securing second place, while BNB Chain platforms generated $55.1 billion.
Among other perpetual protocols, edgeX captured $43.6 billion in trading volume, while Orderly processed $23.7 billion during August.
These numbers indicate a growing acceptance of decentralized trading venues, potentially driven by improved user experience across major DEX platforms.
