TechFlow news, on July 21, CoinGecko, a cryptocurrency data platform, released its Q2 report showing that decentralized exchanges (DEXs) recorded $370.7 billion in trading volume during the second quarter, a 15.7% increase from the previous quarter. This growth was primarily driven by a surge in meme coin projects and numerous airdrop events. Uniswap maintained its leading position among DEXs, capturing a market share of 48% as of the end of June 2024.
Notably, Thruster within the Blast ecosystem performed exceptionally well, with trading volume soaring 464.4% quarter-on-quarter to $6 billion, securing a 3% market share. Meanwhile, Aerodrome benefited from the meme coin trading boom on Base chain, witnessing a 297.4% surge in trading volume to $5.9 billion, also capturing a 3% market share.
