July 11, 2019, 5:53PM EDT
• 4 min read

An analysis of decentralized exchange usage on Ethereum

Quick Take

  • The top fives DEXs combined on Ethereum have had an average of 2,775 users and $2,476,605 in volume over the past 30 days
  • IDEX is currently the most popular DEX. However, it has experienced an 87% decline in volume from its highs and a decrease of about 82% in daily average users
  • Uniswap and Kyber are the only two DEXs that have experienced growth rather than decline, but their users and volumes still pale in comparison to when DEXs had their most activity  

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