Decentralized exchanges grow and reach billions of dollars in trading volume in 2021

Decentralized exchanges grow and reach billions of dollars in trading volume in 2021. PancakeSwap (v2) had the highest 24h trading volume, followed by Uniswap (v3), Trader Joe, Uniswap (v2), Sushiswap, Curve Finance, Pangolin, Raydium, Spookyswap and Mdex (as of November 22, 2021).

What are decentralized exchanges (DEXs)?

On decentralized exchanges (DEXs), users can trade digital assets such as cryptocurrencies cheaply and peer-to-peer without central intermediaries. In contrast to centralized exchanges (CEXs), decentralized services are non-custodial, meaning the user always remains in control of their private keys when transacting on a decentralized exchange. The abbreviation DEX is frequently used to describe a decentralized exchange. 

How do I buy cryptocurrencies?

You can buy cryptocurrencies on cryptocurrency centralized exchange platforms, like Binance, Kraken or Coinbase or decentralized platforms like Uniswap, Pancakeswap or Pangolin.

Table & Chart Data

Source

Survey/Poll by

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Region

Worldwide

Release date

November 2021

Survey time period

November 21, 2021

Additional Notes

Last updated November 21, 2021.

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