Weekly trading volume on DEX is down 24.5% in the last 7 days
Weekly trading volume on decentralized exchanges (DEX) has dropped 24.5% in the past 7 days, according to DefiLlama. Among the top 10 blockchains in terms of trading volume, Polygon had the worst drop of 40%, closely followed by Avalanche with a 39.5% drop. Even Memecoin's most popular chain, Solana, was not immune to the drop in weekly trading volume, plummeting by 20%. On the other hand, Base rose by more than 64% over the same period, driven by its own "cryptocurrency mania", and Starknet's weekly changes were also positive, with a 28% increase in DEX activity. Tristan Frizza, founder of decentralized platform Zeta markets, noted that this negative change in trading volume could be related to last week's price pullback. In addition, the change could be a healthy adjustment to market optimism, as the weekly trading volume from March 9-15 reached $73.6 billion, the highest weekly volume ever recorded on the 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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