Definition ∞ Decentralized exchange volume represents the total value of digital assets traded on non-custodial trading platforms over a specific period. These exchanges allow peer-to-peer transactions directly on a blockchain without an intermediary. High volume indicates strong liquidity and user activity within the decentralized finance ecosystem. This metric is a key indicator of market interest in self-custody trading solutions.
Context ∞ Decentralized exchange volume is a crucial metric for assessing the health and growth of the DeFi sector. The current situation involves intense competition among various DEX protocols, each striving for greater efficiency and lower fees. A key debate centers on regulatory oversight for these platforms, which could significantly influence future volume trends. Technological improvements in scalability and user experience are expected to drive continued expansion of this trading segment.
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