DEX Trading Volume

Definition ∞ DEX Trading Volume quantifies the total monetary value of all cryptocurrency transactions executed on decentralized exchanges over a specific measurement period. This metric offers insight into the activity and liquidity present within peer-to-peer trading environments across various blockchains. It indicates the level of user engagement and market depth for digital assets traded without intermediaries.
Context ∞ News reports frequently analyze DEX Trading Volume to gauge the health and expansion of the decentralized finance sector, often comparing it with centralized exchange activity. A rising volume typically signals increased user preference for self-custodial trading and transparent market operations. This offers valuable data points for understanding broader trends in digital asset adoption and market structure.