Odaily News Trader activity on Ethereum decentralized exchanges (DEXs) has grown significantly this month, with daily active users reaching a three-month high of approximately 64,000, a 73% surge from the low on May 4. This indicates a rebound in retail interest in Ethereum trading, likely driven by improved market sentiment and ETH's recent price gains.
Despite the surge in the number of traders, monthly DEX trading volume remains around $15 billion, indicating that current growth is mainly driven by small transactions rather than institutions or large investors. Uniswap continues to dominate, with a monthly trading volume of $13 billion and about 62,000 traders in the ecosystem, with a market share of 97%. Market observers will continue to watch whether this round of activity can foreshadow a larger market breakthrough. (The Block)