Ethereum DEX trading volume hits $140.1B in August - ATH month
Ethereum’s decentralized exchange (DEX) market reached a new milestone in August 2025, with on-chain trading volume surpassing $140.1 billion - the highest monthly total in history, according to Defillama data.
Alongside the record volume, Ethereum recorded 16.77 million active addresses in August, tying the highest monthly figure ever. This surge underscores the growing dominance of Ethereum’s DeFi ecosystem and the increasing adoption of decentralized trading platforms.
Meanwhile, Ethereum’s total value locked (TVL) stands at $92.58 billion. Although significant, it remains about 17% below the all-time peak of $108.8 billion recorded at the end of the 2021 bull market. Analysts suggest that reaching or surpassing that level would signal a full recovery of DeFi market activity.
Meanwhile, Ethereum’s total value locked (TVL) stands at $92.58 billion. Although significant, it remains about 17% below the all-time peak of $108.8 billion recorded at the end of the 2021 bull market. Analysts suggest that reaching or surpassing that level would signal a full recovery of DeFi market activity.
Author
Has been exploring the enigmas of the crypto industry since 2017, transforming them into accessible narratives. Relies on dark chocolate and nuts as a secret source of energy and inspiration.
