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The Q3 report by crypto market új tokenek firm CoinGecko attributes the increase in the trading volume of DEXs to the hype around the decentralized finance DeFi market which has seen significant growth this year. However, CoinGecko notes that centralized exchanges still have the bulk of the trading volume as shown in the figure below.
Amid price pullbacks in Q3, it will be interesting to see what happens to the DeFi market at the end of Q4. Will the trend continue or it will change soon? He writes about blockchain and cryptocurrency and intends to contribute towards the revolution that this technology is bringing to humankind.
He has been active in the industry for over 2 years and intends to stay for a long time. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets.
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