DEX monthly volume hit a historic high, surpassing $64.8 billion in February.

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DEX volume hits a new high

Data shows that in February, the volume of decentralized exchanges ( DEXs ) has once again set a historical record. As of now, the monthly trading volume for February has reached 64.83 billion USD, surpassing January's 61.16 billion USD.

A certain DEX platform has maintained its industry-leading position for the second consecutive month, with a trading volume exceeding 30 billion USD.

It is worth noting that in February, Ethereum miners' monthly income also hit a historical high. About half of the income comes from transaction fees, reflecting the currently high transaction costs on the network, which is also related to the continuous rise in ETH prices. This month, the price of ETH once broke the $2000 mark.

These data indicate that the decentralized trading market is experiencing significant growth, with user demand for DEX continuing to rise. Meanwhile, the congestion issues on the Ethereum network are becoming increasingly prominent, and high Gas fees may affect user experience. How to improve trading efficiency while maintaining network security will be an important challenge facing the industry in the future.

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screenshot_gainsvip
· 08-10 13:20
Who can afford such high GAS fees?
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ser_ngmivip
· 08-10 07:14
Gas fees are rising wildly again.
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LiquidatedAgainvip
· 08-10 06:35
The gas fees are even higher than my total losses from getting liquidated.
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StableBoivip
· 08-09 18:48
This gas fee is simply robbery!
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0xSherlockvip
· 08-09 18:36
The gas fees are really unbearable.
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GateUser-4745f9cevip
· 08-09 18:33
Can gas be a bit more considerate...
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blockBoyvip
· 08-09 18:21
What methods are there to reach a high point of gas?
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