Decentralized exchanges (DEX) have surged to a record trading volume of $31.67 billion, marking a 28.14% weekly increase, as platforms like Uniswap and Pancakeswap gain traction amid global economic challenges. Uniswap leads with $9.07 billion in volume and a Total Value Locked of $1.15 billion, while DEX now commands 18.82% of the trading market, driven by user preferences for security and privacy. Despite their growth, DEX face challenges in scalability and regulatory scrutiny, yet the enthusiasm for decentralized finance continues to rise.
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