Ethereum DEX Volume at $9.93 bn
Ether’s price has risen by 12% since Q4 after a bearish market in Q3. The decentralized finance (DeFi) industry has rebounded, with various factors contributing to its uptick.
The market valuation of its decentralized exchange (DEX) tokens is a key factor, with DEX tokens currently valued at $9.93 billion and $1.60 billion in 24-hour trading volume.
The total locked volume of ETH is rapidly increasing at $23.8 billion, with Uniswap being the best player in terms of TVL and Pancakeswap ranking first via volume.
(With inputs from Shikha Singh)
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