Decentralized exchange Uniswap had a 7 day trading volume that was over four times higher than that of Sushiwap during the same period in September 2021. Combined, the two online platforms held a market share of roughly 80 percent when it comes to trading on DEX platforms. These exchanges are decentralized in that they are not supervised by a central authority - an (inter)national central bank or financial watchdog - and tend to specialize in the trading of cryptocurrency. They are, however, different from e-trading platforms such as eToro in that DEX platforms are also powered by crypto to even function: The Uniswap platform uses a Uniswap (UNI) coin to verify transactions on the blockchain, whereas Sushiswap used its SUSHI digital coin for the same purpose. This way, DEX are part of the DeFi movement or decentalized finance applications that rely on cryptocurrencies.
Largest DeFi cryptocurrency exchanges or DEX in the world as of March 29, 2022, based on 7 day trading volume
(in million U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Dune Analytics. (March 29, 2022). Largest DeFi cryptocurrency exchanges or DEX in the world as of March 29, 2022, based on 7 day trading volume (in million U.S. dollars) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1263110/biggest-dex-in-the-world/
Dune Analytics. "Largest DeFi cryptocurrency exchanges or DEX in the world as of March 29, 2022, based on 7 day trading volume (in million U.S. dollars)." Chart. March 29, 2022. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1263110/biggest-dex-in-the-world/
Dune Analytics. (2022). Largest DeFi cryptocurrency exchanges or DEX in the world as of March 29, 2022, based on 7 day trading volume (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1263110/biggest-dex-in-the-world/
Dune Analytics. "Largest Defi Cryptocurrency Exchanges or Dex in The World as of March 29, 2022, Based on 7 Day Trading Volume (in Million U.S. Dollars)." Statista, Statista Inc., 29 Mar 2022, https://www.statista.com/statistics/1263110/biggest-dex-in-the-world/
Dune Analytics, Largest DeFi cryptocurrency exchanges or DEX in the world as of March 29, 2022, based on 7 day trading volume (in million U.S. dollars) Statista, https://www.statista.com/statistics/1263110/biggest-dex-in-the-world/ (last visited October 30, 2024)
Largest DeFi cryptocurrency exchanges or DEX in the world as of March 29, 2022, based on 7 day trading volume (in million U.S. dollars) [Graph], Dune Analytics, March 29, 2022. [Online]. Available: https://www.statista.com/statistics/1263110/biggest-dex-in-the-world/
