Ethereum DEX Activity Hits 3-Month High as More Traders Join
The number of people trading on Ethereum’s decentralized exchanges (DEXs) is rising fast. Around 64,000 users are active daily — the highest in three months and a big jump from just 37,000 on May 4.
This increase shows that more regular (retail) investors are getting interested in Ethereum again, likely because of better market conditions and ETH’s recent price gains. However, even though more people are trading, the total amount of money being traded hasn’t increased much. The monthly trading volume on Ethereum DEXs is about $15 billion, which suggests that most trades are small and not coming from big investors or institutions.
In the past, this kind of retail activity often came before a wider market move, so this could be a sign of more growth ahead.
Uniswap is still the top DEX on Ethereum. It handles $13 billion of the $15 billion in trades and has about 62,000 of the 64,000 daily users — nearly 97% of the activity.
Looking forward, analysts are watching closely to see if this trend leads to a bigger market breakout or if it’s just a short-term spike driven by everyday traders.
