TechFlow news, according to a study released by CoinGecko, Uniswap is the largest decentralized cryptocurrency exchange (DEX), holding 64.6% of the DEX market share. In June 2023, its trading volume dropped to $29.5 billion, a month-on-month decline of -10.5%, compared to $32.9 billion in May 2023.
Curve is the second-largest DEX with 11.5% market share, recording a spot trading volume of $5.2 billion in June 2023, up 73.9% from the previous month.
PancakeSwap and Dodo both reached a record of $3 billion, ranking as the third and fourth largest DEXs, capturing 9.5% and 7.2% market shares respectively. In June 2023, their spot trading volumes were $4.3 billion and $3.3 billion, representing month-on-month changes of -29.2% and +63.3%, compared to $6.1 billion and $2.0 billion in May.
