DeFi exchange volumes up 87-269% in the last 24 hours. DeFi summer is beginning.

Decentralization is taking a huge shot in the arm due to all the legal action against CEXs in the past 24 hours. According to Beincrypto, trading volumes on the Uniswap v3 decentralized exchange on Ethereum jumped a massive 87% in the past 24 hours. Curve, a stablecoin swap DEX, saw volumes increase 167% to $120 million. PancakeSwap v3 took the ‘cake’ with a 269% 24-hour gain to reach $215 million. Also of significance is the ratio of decentralized exchange to centralized exchange trading volume, which set a new all-time high record of 22% in the past month.

Regardless of the eventual outcome of SEC lawsuits against CEXs - which hopefully will fail or successfully be appealed at the Supreme Court level - DeFi is taking off and should be something we all get more comfortable using, as the near future for centralized exchanges is uncertain. Decentralization is why crypto began, and it’s where it’s being pushed now. The summer of DeFi is beginning! Take a look at some of the above swaps, as well as chain-specific DEXs that are out there to get started.