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The Almighty Buck Bitcoin

Decentralized Exchanges Saw Over $1 Trillion in Trading Volume This Year (theblockcrypto.com) 15

Decentralized exchanges (DEXs) reported more than $1 trillion in trading volumes in the year 2021, according to The Block Research. From a report: That figure is a massive 858% increase compared to 2020 DEX trading volumes, based on data as of December 23. Last year, DEXs facilitated over $115 billion in trading volumes. Overall, monthly DEX trading volume peaked in May 2021 at $162.8 billion. The most considerable month-over-month growth was in January, with a 137.3% gain, per The Block Research's 2022 Digital Asset Outlook Report.
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Decentralized Exchanges Saw Over $1 Trillion in Trading Volume This Year

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  • Wow (Score:5, Insightful)

    by Vintermann ( 400722 ) on Thursday December 23, 2021 @03:15PM (#62110085) Homepage

    Wow, that's a lot of wash trades.

  • No Surprise There (Score:4, Insightful)

    by Petersko ( 564140 ) on Thursday December 23, 2021 @03:46PM (#62110177)

    “Last year people won more than one billion dollars playing poker. And casinos made twenty-seven billion just by being around those people.“ -Samantha Bee

  • by Anonymous Coward

    Don't let the crypto bros fool you: "DeFi" means "Deregulated Finance", not "decentralized" as they're trying to pass it off as.

    The crypto bros all want to wrestle control away from governments, and do it without any oversight, and hence no accountability. Why else do you think they're all throwing a fit whenever the specter of regulation comes up (you know, the thing all legitimate currencies have to adhere to?)

  • by celeb8 ( 682138 ) <celeb8@[ ]il.com ['gma' in gap]> on Thursday December 23, 2021 @05:17PM (#62110407)
    How much of that circulation is just exchanges re-circulating currency to make it look like there is actual high trade volume? Last I heard the majority of that trade volume is bogus and a large portion of what isn't is just tumbling services

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