Ethereum DEX User Count Increases by 73% in Two Weeks

Uk Jin

Summary

The number of users of Ethereum-based decentralized exchanges (DEX) increased by 73% in two weeks, reaching 64,000.
The Block analyzed that this increase is due to the rising interest of individual investors following the increase in Ethereum prices.
Uniswap showed remarkable performance, accounting for $13 billion out of the $15 billion monthly trading volume among Ethereum DEXs.

The number of users of Ethereum (ETH)-based decentralized exchanges (DEX) has surged recently.

According to The Block, a cryptocurrency-focused media outlet, the daily active users (DAU) of Ethereum DEX recently reached 64,000. This is a 73% increase compared to the lowest point recorded on May 4th, which was 37,000.

The Block evaluated this by stating, "It suggests that individual investors' interest in Ethereum trading has risen again," and "This result came as Ethereum prices have risen significantly recently."

Meanwhile, the most notable performer among Ethereum DEXs this month was Uniswap (UNI). Uniswap accounted for $13 billion of the $15 billion monthly trading volume of Ethereum DEXs. Uniswap's DAU was 62,000, with 97% of all Ethereum DEX users executing trades on Uniswap.

UNI