According to the report of The Block Research, decentralized exchanges (DEXs) reached a transaction volume of over $ 1 trillion in 2021. This marks an increase of 858% compared to 2020. Last year, DEXs reached $115 billion in trading volume. In May of this year, DEX trading volume peaked at $162.8 billion per month. According to The Block Research’s 2022 Digital Asset Outlook Report, the most significant monthly growth was in January, with an increase of 137.3%. Uniswap (UNI) continues to dominate the DEX market. At the time of writing, the stock market has a 75% market share among decentralized exchanges. Uniswap announced yesterday that it will support the Polygon network.