DEX’s weekly trading volume fell by 24.5% in the past seven days
According to DefiLlama's data, the weekly trading volume of decentralized exchanges (DEX) in the past 7 days has decreased by 24.5%. Among the top 10 blockchains in terms of trading volume, Polygon's decline was the most severe, with a drop of 40%, followed closely by Avalanche, which fell by 39.5%. Even Solana, the most popular chain for Memecoins, was not spared from the decline in weekly trading volume, dropping significantly by 20%. On the other hand, Base rose by more than 64% during the same period, driven by its own "meme coin frenzy." Starknet's weekly changes also showed positive growth, with DEX activity increasing by 28%.
Tristan Frizza, the founder of decentralized platform Zeta markets, pointed out that this negative change in trading volume may be related to the price correction last week. In addition, this change may be a healthy adjustment to the market's optimistic sentiment, as the weekly trading volume from March 9th to 15th reached $73.6 billion, the highest weekly trading volume ever recorded on-chain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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