Decentralized exchanges have trading volumes. cryptocurrency Great increase in March Because US regulators operate on centralized exchanges including Kraken, Coinbase and Binance.
Trading volume on DEX is $133.1 billion. increased for the third month in a row. and the highest per month since May, according toInformation about DefiLlama
This comes as the crypto industry faces regulatory pressure. The centralized exchange came under pressure from the US Securities and Exchange Commission (SEC) for taking action against Kraken and issuing a Wells notice for Coinbase, while the Commodity Futures Trading Commission accused Binance of evading US law.
That has led some to speculate that more crypto traders will switch to DEX, and DefiLlama’s data suggests it could happen.
Also contributing to the rise in DEX trading volumes may be the crises of the second-largest stablecoin by market capitalization, USDC, which lost its peg to the dollar after the Silicon Valley Bank collapse in mid-March. before being pegged again at $1
by Kaiko CEX reported that there was a severe lack of liquidity for stablecoin pairs during the depeg and urged “a large number” of USDC holders to rely on DEX for liquidity.
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