Crypto exchange volume tops $1.8 trillion in August, highest monthly level since January
Crypto exchanges' monthly spot volume reached $1.86 trillion in August, the highest volume since January.The Block's data dashboard shows that August's spot trading volume rose 5% from July's $1.77 trillion, marking the most substantial monthly activity since January.Among exchanges, Binance maintained the largest market share in August, with its spot trading volume rising to $737.1 billion from $706.1 billion in July — its highest level since January's $801.1 billion.Bybit followed with $126.5 billion in August trading volume, edging out Bitget's $126.1 billion.The rise in August's exchange trading volume coincided with a shift in investor appetite toward Ethereum in the past few weeks. For example, U.S. spot Ethereum exchange-traded funds saw $3.87 billion in monthly inflows in August, while their bitcoin counterparts recorded monthly outflows of $751.1 million, according to SoSoValue data.Meanwhile, decentralized exchange volume in August climbed to $368.8 billion, the highest level since January, according to The Block's data. Uniswap led with $143 billion, followed by PancakeSwap at $58.7 billion.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. 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.