Top 8 Dex 30d Volume Dropped 20%+, So Did Their Tokens?

2021-07-26 09:50:00 · 3690 views · 5 min read

 

 

The top 8 dex’s 30d volume all dropped, ranging from 20% to 52%. What’s more, all of them have lost traders.

 

 

Ethereum

 

Currently ranking No.1 in all dex, the leading Ethereum dex Uniswap V3’s 30d volume decreased 20.77%.

The dex trading volume started to sink on 19th May ATH, and dropped from $1.81B on 21st June to $911.60M on 25th July. $UNI price has also witnessed a continual fall since May.

 

 

The dex with the largest slide in volume on Ethereum is SushiSwap, a tremendous 48.95% dump.

 

 

Similarly, the volume dip began on 19th May after a $3.95B ATH. The volume shrunk from $575.98M on 21st June to $176.21M on 25th July. Meanwhile, the $SUSHI price has shown a high correlation to dex trading volume and remained under $10 for more than a month.

 


 

Binance Smart Chain

 

Binance Smart Chain’s top 2 dex PancakeSwap and MDEX have both experienced great decline.

 

 

PancakeSwap is the dex with the most loss in 30d volume in the top 8 dex, -52.39%.

Since the $2.08B volume ATH on 19th May, PancakeSwap’s dex trading volume has started to decrease significantly. For the past 30 days, its daily volume has just kept at a $100M level. $CAKE token price has also started to drop since May, from $42.46 on 29th Apr to $14.98 on 25th Jul, which showed a similar trend to the dex trading volume.


 

As for MDEX, its 30d volume dropped by 45.39%.

There’s also been a constant downward trend for MDEX’s trading volume since 19th May. The volume first sharply flopped from ATH $2.70B to $12.60M from May to June, then slightly declined from $751.09M to $323.60M from June to July. $MDX token price moves in the same direction as the volume, which decreased by 23% in 30d.


 

 

You may also like:

 

Make sure you bookmark dapp.com and subscribe to our newsletter below to get updates direct to your inbox.

 



 

Comments Write Comment
Currently there are no comments for this article. Would you like to be the first to write one?
Tags
Related Products
dYdX
5.0
Main Network
The world's leading decentralized trading platform
Ethereum
Exchange
1inch Network
4.2
Main Network
An entry point to the 1inch Network's tech.
Ethereum
Exchange
Curve
1.8
Main Network
Creating deep on-chain liquidity using advanced bonding curves
Ethereum
Exchange
SushiSwap
0.0
Main Network
An evolution of Uniswap with $SUSHI tokenomics.
Ethereum
Exchange
Uniswap V2
4.7
Main Network
A protocol for trading and automated liquidity provision on Ethereum
Ethereum
Exchange
PancakeSwap
5.0
Main Network
The #1 AMM and yield farm on Binance Smart Chain.
Binance BSC
Exchange
MDEX BSC
5.0
Main Network
MDEX supports the decentralized transaction protocol of BSC, HECO&ETH
Binance BSC
Exchange
Uniswap V3
5.0
Main Network
The most powerful version of Uniswap Decentralized Trading Protocol
Ethereum
Exchange
Recommanded Articles
NFT Market Booms in Jan Again, 3X December’s, What Happened and What to Expect Next?
Feb 10 · 8266 Views
IDEA Token is Now Listed on Uniswap
Feb 10 · 766 Views
2 New Dapps That Make NFT & DeFi Easy for You
Feb 15 · 4673 Views
Start Your DeFi Adventure with Defiqa
Feb 17 · 1140 Views