DEX volume hits a new high, surpassing 64.8 billion USD in February.

With the rapid development of the Decentralized Finance (DeFi) ecosystem, the volume of transactions on Decentralized Exchanges (DEXs) set a new historical record in February. According to statistics from the data platform, the total trading volume of DEXs this month has exceeded $64.83 billion, surpassing the $61.16 billion level of January.

In the DEX field, a leading trading platform continues to maintain its dominant position, with trading volumes exceeding $30 billion for two consecutive months, demonstrating strong market appeal and user activity.

It is worth noting that Ethereum miners' revenue reached a historical high in February. About half of the earnings came from transaction fees, a phenomenon that reflects the high gas fees caused by network congestion, and is also closely related to the continuous rise in ETH prices. This month, ETH briefly surpassed the $2000 mark, further boosting miners' dollar earnings.

These data collectively confirm the vigorous development trend of the DeFi ecosystem. As users' demand for decentralized finance services continues to grow, the volume of DEX transactions and the activity of the Ethereum network have reached unprecedented heights. However, high transaction costs have also become a focal point of industry concern; how to enhance transaction efficiency while maintaining network security will be an important challenge facing the Ethereum ecosystem.