Trading Volume of Decentralized Exchange Aggregators Surges to New Highs ⬆️

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Trading Volume of Decentralized Exchange Aggregators Surges to New Highs ⬆️

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Over the past weeks, the trading volume on some of the famous decentralized exchange (DEX) aggregators has reached new highs.

The most prevalent DEX aggregators to experience the surge in the last one month were 1inch, Paraswap, and 0x, according to Dune Analytics

Moreover, the total volume for these three DEX aggregators has hit a cumulative weekly all-time high of $6 billion last week. It means a 50% growth since the beginning of November.

Among decentralized exchange aggregators, 1inch is gaining market share. Currently, 1inch holds 53% market share followed by 0x, which is quickly catching up with 1inch with 42% lead recorded at the start of December. 

Data from Dune showed that on December 5, 0x surpassed 1inch in terms of daily volume share with 49% compared to 43.7%. According to 0xTracker, it has processed $3 billion in volume over the last 7 days.

Overall, all these stats indicate that more and more traders are turning to DEX aggregators to seek out the best rates for token swaps.

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