The ratio of spot trading volumes on decentralized exchanges (DEXs) compared to centralized exchanges rose for another month in a row, eclipsing 6% for August.

July’s ratio was 3.95%, as previously reported by The Block. The ratio broke out of a steady pattern above 1% starting in June, when the ratio more than doubled from May’s 0.84% to 2.10%. 

Source: CryptoCompare, Coingecko, Dune Analytics, The Block Research

August’s overall DEX volume figure was more than $11 billion — a significant jump above July’s $4.4 billion.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.