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DEX volume hits a new high, exceeding 64.8 billion USD in February.
According to the latest data, the trading volume of decentralized exchanges (DEXs) in February has once again set a historical record. As of now, the total monthly trading volume for February has reached $64.83 billion, surpassing January's achievement of $61.16 billion.
In the DEX field, a well-known exchange continues to maintain its leading position, with trading volume exceeding 30 billion USD for two consecutive months.
It is worth noting that in February, Ethereum miners' monthly income also set a historic high. About half of this income came from transaction fees, which not only reflects the high transaction costs on the current network but also confirms the ongoing upward trend in ETH prices. This month, ETH once broke the important threshold of 2000 dollars.
These data collectively reflect the booming development of the Decentralized Finance (DeFi) ecosystem, as well as the overall activity of the cryptocurrency market. As users' demand for decentralized trading continues to increase, we can expect that the trading volume and related revenues of DEX may continue to maintain strong growth in the future.