Odaily Planet Daily News: Trader activity on Ethereum decentralized exchanges (DEX) has grown significantly this month, with daily active users reaching approximately 64,000, a three-month high and a 73% surge from the low on May 4. This suggests a resurgence in retail interest in Ethereum trading, likely driven by improved market sentiment and ETH’s recent price gains.
Despite the surge in the number of traders, monthly DEX trading volume remains around $15 billion, indicating that current growth is mainly driven by small transactions rather than institutional or large investors. Uniswap continues to dominate with $13 billion in monthly trading volume and around 62,000 traders in the ecosystem, accounting for 97% of the market share. Market watchers will continue to watch to see whether this round of activity can foreshadow a broader market breakthrough. (The Block)