Declining DEX volumes reflect DeFi investors shift to Bitcoin — Data shows
Steadily declining DEX trading volumes and disintegrating DeFi token prices suggest investors have shifted their focus back to Bitcoin. All eyes are set on Bitcoin (BTC) as the digital asset continues to trek to a new 2020 high. Meanwhile, the hype around decentralized finance projects continues to die down, especially as token prices plummet. Data shows that trading volume for decentralized exchanges (DEXs) is dropping rapidly, further signaling the decline of the DeFi sector.The recent hack of Harvest Finance saw volumes across DEXs boom for one day, especially Uniswap and Curve.....
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