Decentralized exchanges (DEXs) ended the month of February with the highest monthly volume on record, according to data gathered by The Block.
February’s monthly volume hit a new high of approximately $72.89 billion, increasing by $12 billion from January.
Uniswap continued to lead in the DEX space, making up most of the monthly volume with $36.6 billion. This is the exchange’s third consecutive month posting a monthly volume of above $30 billion. SushiSwap and Curve came in second, hitting $14.93 billion and $4.42 billion respectively.
February also had the highest-ever level of monthly revenue for Ethereum miners, roughly half of which has come in the form of transaction fees. The revenue numbers reflect the price of ETH, which exceeded the $2000 mark briefly this month.