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Decentralized crypto exchanges see record volume in March
Another all-time high has just been set in cryptocurrency markets: March was the biggest month on decentralized exchanges (DEXs), according to data provider DefiLlama. Why it matters: The surge of activity signals the energy is out there again, with investors looking for short-term gains in a market that's generally going up. • By the numbers: DefiLlama logged $268 billion in DEX volume in March. $30 billion more changed hands last month than in November 2021, the prior monthly high. DEXs are run by smart contracts on public blockchains. No humans are needed to operate them on a day-to-day basis. • Investors ... (full story)