Spot DEX Volume Across Blockchains Heads for 17-Month Low

The source says total monthly spot DEX (decentralized exchange) volume across all chains is falling sharply and is on pace for its lowest level in 17 months.

Summary

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Terms & Concepts
  • DEX (decentralized exchange): A blockchain-based trading platform that lets users swap tokens directly without a centralized intermediary.
  • Spot trading: The direct purchase or sale of an asset for immediate settlement, rather than through derivatives contracts.