Crypto exchange trading volume reached $1.86 trillion in August, the highest level since January.

According to data from The Block, the monthly spot trading volume of crypto exchanges reached 1.86 trillion U.S. dollars in August, a 5% increase from 1.77 trillion U.S. dollars in July, the highest level since January this year. Among them, Binance maintained its leading market share with a trading volume of 737.1 billion U.S. dollars, a month-on-month increase of nearly 31 billion U.S. dollars; Bybit and Bitget recorded trading volumes of 12.65 billion U.S. dollars and 12.61 billion U.S. dollars respectively. In addition, the trading volume of decentralized exchanges (DEX) also climbed to 368.8 billion U.S. dollars in August, the highest since January this year. Uniswap led the way with 143 billion U.S. dollars, followed by PancakeSwap with 58.7 billion U.S. dollars. It is worth noting that investors' interest in Ethereum has increased significantly recently. The U.S. spot Ethereum ETF saw an inflow of 3.87 billion U.S. dollars in August, while the Bitcoin ETF saw an outflow of 7.51 billion U.S. dollars in the same period.