Decentralized exchanges achieved a historic milestone in August, processing over $1.15 trillion in combined trading volume for the first time. Perpetual contracts drove the record-breaking performance, surging 31.3% from July to $648.6 billion. Ethereum reclaimed its position as the leading blockchain for spot trading, overtaking Solana and BNB Chain.
- Perpetual contracts accounted for 56.4% of total DEX volume in August, reaching $648.6 billion—a 31.3% monthly increase
- Ethereum reclaimed spot trading leadership with $140.4 billion volume, overtaking Solana ($120B) and BNB Chain ($60B) for the first time since March
- The DEX-to-CEX trading ratio reached 17.2% in August and has remained above 10% throughout 2025, signaling sustained on-chain trading adoption
📎 Related coverage from: cryptoslate.com
