"Ethereum DEX Unique Traders Hit 1-Year Low, Indicating Activity Slowdown"

Son Min

Summary

It was stated that "The number of unique traders on Ethereum-based DEX has decreased to a 12-month low, indicating a slowdown in activity."
"The number of daily unique traders, which was 95,000 at the end of last year, has now plummeted to about 40,000," it reported.
"Ethereum is trading at $1,474 on the Binance USDT market, down 5.67% from 24 hours ago," it stated.

An analysis has emerged suggesting that activity on Ethereum (ETH)-based decentralized exchanges (DEX) is slowing down.

On the 9th (local time), Satoshi Club stated on X, "Activity on Ethereum DEX is slowing down," adding, "The number of daily unique traders, which was close to 95,000 at the end of last year, has now plummeted to about 40,000." They further noted, "This is the lowest level in 12 months."

As of 5:12 PM, Ethereum is trading at $1,474 on the Binance USDT market, down 5.67% from 24 hours ago.

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