Ethereum

2024

Coin98

<p>Despite the general enthusiasm around cryptocurrencies, August 2024 was marked by a slight decline in transaction volumes on DEXs. However, some blockchains managed to stand out. <strong>Ethereum, in particular, posted exceptional results.</strong></p>
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     <p lang="en" dir="ltr">Discover the top blockchains by DEX trading volume in August<br><br>Ethereum leads the pack with approximately $50B in trading volume, followed by Solana, Arbitrum, BNB, and Base! <a href="https://t.co/1zSzAitHLy" rel="noopener noreferrer nofollow">pic.twitter.com/1zSzAitHLy</a></p>— Coin98 Analytics (@Coin98Analytics) <a href="https://twitter.com/Coin98Analytics/status/1833864623419994587?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 11, 2024</a>
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  Crypto transaction volume: Ethereum maintains its dominance
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<h2 id="h-marche-crypto-ethereum-domine-en-volume-d-echanges">Crypto market: Ethereum dominates in trading volume</h2>
<p>In August 2024, Ethereum processed <strong>a record volume of crypto transactions</strong>. It far outpaces its direct competitors <a href="https://newsletter-fr.cointribune.com/p/ethereum-et-solana-en-pleine-reprise" target="_blank" rel="noopener noreferrer nofollow">Solana</a>, Arbitrum, BNB, and Base.</p>
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<p>Several factors account for this success. Here are a few:</p>
<ul>
 <li>Ethereum is a thriving DeFi ecosystem hosting <strong>the largest number of decentralized finance applications</strong>.</li>
 <li>The depth of liquidity pools on Ethereum allows for large crypto transactions to be executed without significantly impacting prices.</li>
 <li>The concentration of volumes on the largest DEXs (Uniswap, PancakeSwap, and Orca), all built on the Ethereum blockchain.</li>
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<p>The <a href="https://www.cointribune.com/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum blockchain</a> has also <strong>proven itself in terms of security</strong>. This reassures users and financial institutions looking to invest in cryptocurrencies.</p>
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<h2 id="h-l-essor-des-stablecoins-un-catalyseur-de-croissance">The rise of stablecoins: a growth catalyst</h2>
<p>Stablecoins play a crucial role in the growth of crypto transaction volumes on Ethereum. By <strong>reducing exposure to the volatility of speculative crypto assets</strong>, they facilitate trade. But that’s not all! They also attract new investors.</p>
<p><a href="https://www.cointribune.com/en/crypto-markets/dai-dai-en/" target="_blank" rel="noopener noreferrer nofollow">DAI</a>, one of the main algorithmic stablecoins, saw its transaction volume explode due to the growing interest in DeFi. USDT and USDC, the two other major stable cryptocurrencies, also contributed to this dynamic.</p>
<p>Once again, Ethereum thus confirms its position as the undisputed leader in the crypto sector. Its thriving ecosystem and liquidity make it the <a href="https://www.cointribune.com/les-meilleures-plateformes-pour-acheter-du-bitcoin-btc-en-afrique-2/" target="_blank" rel="noopener noreferrer nofollow">platform of choice</a> for crypto investors. Its recent performance also demonstrates its resilience and ability to stand out even in a more challenging market context.</p>

Crypto Transaction Volume On DEXs: Ethereum Leads The Pack

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