The decentralized change (DEX) market has simply reached a historic milestone, with over $1.15 trillion in quantity processed throughout August.
DefiLlama knowledge reveals that is the primary month the place mixed spot and perpetual contract volumes have exceeded $1 trillion in monthly activity.
Spot DEX volumes hit $506B in August, whereas perpetual contract volumes rose to over $648B, reaching an all-time excessive for this class.
The DEX market stays robust as Web3 turns into extra accessible, due to apps like Best Wallet.
Greatest Pockets gives a simple strategy to convert fiat through a cellular app, together with integration with a number of DEXs for a clean crypto expertise.
We’ll talk about why the $BEST token is one of the best ways to purchase and promote crypto by means of the Best Wallet app, however first, we’ll take a better have a look at the DEX market.
Which DEXs are Seeing the Most Quantity?
Uniswap stays the highest spot DEX with over $143B in whole quantity processed throughout August, accounting for 28.2% of the month’s whole spot quantity. PancakeSwap is in second place with practically 3 times much less quantity at $56.6B, whereas HyperLiquid ranks third with $21.7B.
The rise in spot quantity raised the DEX-to-CEX buying and selling ratio to 17.2% in August, indicating a rising curiosity in token swaps achieved fully on-chain. The DeFi market cap now stands at $160 billion and continues to develop as extra customers be part of the DeFi area.
Greatest Pockets is about to make the most of a robust DEX market, starting to compete with institutional CEXs. Let’s study extra about how Greatest Pockets ($BEST) makes integration with DEXs simpler.
Greatest Pockets – A Cross-Chain Pockets Constructed for the Cell-First Era
Best Wallet Token ($BEST) is Greatest Pockets’s official token, a mobile-first crypto pockets that works throughout a number of blockchains with native DEX help.
Greatest Pockets surpasses older wallets like MetaMask by consolidating your complete crypto portfolio into one app, decreasing the necessity to swap between totally different blockchains comparable to Ethereum and Solana.
It additionally offers you entry to an unique token launchpad to take part in presales for upcoming crypto tasks earlier than they’re obtainable on CEX and DEXs.
Relating to safety, Greatest Pockets employs Fireblocks MPC-CMP to guard your pockets from crypto theft. It’s straightforward to again up your pockets to the cloud inside the app and restore it at any time when wanted. For those who’re , you may attempt it out your self – Greatest Pockets is already obtainable on Google Play and the Apple App Retailer.
Greatest Pockets improves with $BEST. It lowers your transaction charges when swapping crypto, helps you to vote on new blockchain help from the Greatest Pockets DAO, and offers you early entry to unique new presale tokens earlier than they’re extra broadly obtainable.
There are engaging staking rewards obtainable should you purchase $BEST now. You possibly can stake and earn returns of as much as 86% yearly. Act shortly, as over $15.4 million value of $BEST has already been reserved in the course of the presale, pushing costs as much as $0.025575. We additionally created a helpful guide on how to purchase $BEST.
Purchase $BEST today before the presale ends.
What’s Subsequent For DEXs
The rise in decentralized change (DEX) quantity signifies a rising demand for token swaps and leveraged crypto buying and selling, significantly in perpetual futures. Any cryptocurrency challenge that may cut back the boundaries to entry for the DEX market is prone to be shortly embraced by customers desperate to make the most of a thriving market, particularly those that could be not sure of tips on how to start.
That’s why we’re so enthusiastic about $BEST. Because the official token of Greatest Pockets, it’s anticipated to profit considerably from a bigger DEX market by permitting customers to scale back their crypto swap charges.
All crypto merchandise are unstable. Be certain that to all the time do your personal analysis earlier than investing and solely make investments what you’re ready to lose. This text will not be monetary recommendation.
Authored by Aaron Walker, NewsBTC – www.newsbtc.com/news/dex-volume-hits-one-trillion-monthly-mark-big-for-best-wallet
