cryptovibes.com
The latest market analysis confirmed that the trading volumes on popular decentralized exchanges aggregators (DEX) have exponentially surged to a new weekly all-time high of $6 billion.
Data acquired from Dune analytics, a community-driven analytic platform, confirmed that various popular DEX aggregators such as 1 inch, 0x, and Paraswap saw intensified surging volumes over the past month. As a result, the combined volume recorded a cumulative weekly all-time high of $6 billion last week, increasing by 50% since earlier November.
1inch emerged as the best performing decentralized exchange aggregator, with a minor market lead of 53% in the current share. 0x followed closely with 42%, and Paraswaps garnered 5% of the remaining share.
However, it is worth noting that 1inch successfully also raised $175 million in a Series B funding initiative led by Amber Group last week.
In a relatively related contest, 0x surpassed 1 inch in daily volumes with 49% compared to 43 % on December 5. Remarkably, the 0x DEX aggregator has processed a $3 billion trading volume over the past seven days, according to 0xTracker.
0x provides an application programming interface (API) that allows DeFi developers to integrate token swaps sourced from leading DEXs directly into smart contracts.
The 0x protocol also has a native DEX called Matcha, which has processed a $4.7 billion trading volume in the past 30 days.
According to Dune analytics, the total DEX market has seen a total of $4 billion in trading volume over the past 24 hours and $33 billion for the past week.
Uniswap is the best performing DEX market leader with a 79% share, processing $26.2 billion in trading volume over the past week. SushiSwap slightly distanced at second place with a 9.8% share of the DEX market.