Dex Volume Hits Over $1T in August: Why Best Wallet Token Stands To Gain

The decentralized exchange (DEX) market has just reached a historic milestone, with over $1.15 trillion in volume processed during ￰0￱ data shows this is the first month where combined spot and perpetual contract volumes have exceeded $1 trillion in monthly ￰1￱ DEX volumes hit $506B in August, while perpetual contract volumes rose to over $648B, reaching an all-time high for this ￰2￱ DEX market remains strong as Web3 becomes more accessible, thanks to apps like Best ￰3￱ Wallet provides an easy way to convert fiat via a mobile app, along with integration with multiple DEXs for a smooth crypto experience. We’ll discuss why the $BEST token is the best way to buy and sell crypto through the Best Wallet app, but first, we’ll take a closer look at the DEX ￰4￱ DEXs are Seeing the Most Volume?

Uniswap remains the top spot DEX with over $143B in total volume processed during August, accounting for 28.2% of the month’s total spot ￰5￱ is in second place with nearly three times less volume at $56.6B, while HyperLiquid ranks third with $21.7B. The increase in spot volume raised the DEX-to-CEX trading ratio to 17.2% in August, indicating a growing interest in token swaps done entirely ￰6￱ DeFi market cap now stands at $160 billion and continues to grow as more users join the DeFi ￰7￱ Wallet is set to take advantage of a strong DEX market, beginning to compete with institutional CEXs. Let’s learn more about how Best Wallet ($BEST) makes integration with DEXs ￰8￱ Wallet – A Cross-Chain Wallet Built for the Mobile-First Generation Best Wallet Token ($BEST) is Best Wallet’s official token, a mobile-first crypto wallet that works across multiple blockchains with native DEX ￰9￱ Wallet surpasses older wallets like MetaMask by consolidating your entire crypto portfolio into one app, reducing the need to switch between different blockchains such as Ethereum and ￰10￱ also gives you access to an exclusive token launchpad to participate in presales for upcoming crypto projects before they are available on CEX and ￰11￱ security, Best Wallet employs Fireblocks MPC-CMP to protect your wallet from crypto theft.

It’s easy to back up your wallet to the cloud within the app and restore it whenever ￰12￱ you’re interested, you can try it out yourself – Best Wallet is already available on Google Play and the Apple App ￰13￱ Wallet improves with $BEST. It lowers your transaction fees when swapping crypto, lets you vote on new blockchain support from the Best Wallet DAO, and gives you early access to exclusive new presale tokens before they’re more widely ￰14￱ are attractive staking rewards available if you buy $BEST ￰15￱ can stake and earn returns of up to 86% ￰16￱ quickly, as over $15.4 million worth of $BEST has already been reserved during the presale, pushing prices up to $0.025575.

We also created a helpful guide on how to purchase $BEST. Purchase $BEST today before the presale ends. What’s Next For DEXs The rise in decentralized exchange (DEX) volume indicates a growing demand for token swaps and leveraged crypto trading, particularly in perpetual ￰17￱ cryptocurrency project that can reduce the barriers to entry for the DEX market is likely to be quickly embraced by users eager to take advantage of a thriving market, especially those who might be unsure of how to begin. That’s why we’re so excited about $BEST.

As the official token of Best Wallet, it’s expected to benefit significantly from a larger DEX market by allowing users to reduce their crypto swap ￰18￱ crypto products are ￰19￱ sure to always do your own research before investing and only invest what you’re prepared to ￰20￱ article is not financial ￰21￱ by Aaron Walker, NewsBTC – ￰22￱