Dex trading volume in jan. hits ath of $56b

Trading on decentralized exchanges has hit a record high of $56 billion in Jan. 2021, with Uniswap alone accounting for more than $25 billion of the trading volume.

The record monthly volume is a significant leap in since Q4 2020, which saw monthly volumes between $20 - $25 billion
All DEXs experienced a surge in trading volume as the market began rallying in Jan. 2021
Uniswap recorded roughly $25.9 billion in monthly trading volume, which is more than double than the $12.6 billion of Dec. 2020; the exchange holds 49.06% of the market share
Uniswap’s position as the market’s premier DEX has even resulted in it generating more fees than the Bitcoin network on Jan. 25
Uniswap’s main competitor, SushiSwap, has also gained a lot of ground since the start of the year, now representing roughly 23.2% of the DEX market
400 UNI tokens were airdropped to users in Sep. 2020, which has netted them over $7000, at the current price of $18.98

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