Report: Trading Volume on Decentralized Exchanges At All Time Low

  • According to a report by blockchain intelligence firm Diar, published January 28, 2019, the US dollar trading volume in decentralized exchanges (DEXs) has hit an all-time low.
  • This comes at a time when the nascent industry’s thought leaders are pushing for a major transition from centralized exchange platforms to decentralized ones.
  • The report states that DEX trading volume has dropped to an all-time low figure of $49 million for the month of January.
  • To put things into perspective, this figure is less than a tenth of Binance’s daily trading volume.

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