Bitcoin

<ul><li>Decentralized exchange (DEX) trading activity dropped by 33.6% in Q3 2023</li><li>The total trading volume decreased significantly to $133.3B compared to Q2.</li><li>SushiSwap experienced an 83.3% decline in trading volume, indicating a loss in market activity among the top 10 DEX platforms.</li></ul>The trading activity on decentralized exchanges (DEX) during the third quarter of 2023 is down 33.6% in Q3 2023, as per analytics platform <a href="https://twitter.com/CryptoRank_io/status/1708841780186144863?t&#61;fmOVODDODPKEiWm9eVU25g&amp;s&#61;19" rel="noopener noreferrer nofollow">CryptoRank</a>. During the third quarter of 2023 (Q3), the total trading volume on decentralized exchanges decreased significantly compared to the previous quarter, Q2 2023.Decentralised exchange trading volume in Q3 was $133.3B - a decrease of 33.6% compared to Q2. The leading cryptocurrency data aggregator, CoinGecko, released its industry report, revealing that the combined spot trading volume on the top 10 decentralized exchanges (DEX) amounted to $155 billion in the second quarter of 2023. This marked a significant decrease of more than 30% compared to the previous quarter, Q1.As per CryptoRank, Maverick Protocol became the only DEX to show trading volume growth among the top 10 market leaders. All other exchanges in the top 10 had a decrease in trading volume during this period.While SushiSwap had the most significant decline in trading volume dynamics among the top 10 decentralized exchanges. Its trading volume decreased by 83.3% over the course of the quarter, indicating a substantial loss in market activity.Read full article at <a href="https://cryptotale.org/decentralized-exchange-trading-volume-plummets-by-33-6-in-q3-2023/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Decentralized Exchange Trading Volume Plummets by 33.6% in Q3 2023

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