DEX activity slips to near one-year low; Q1 volumes back to late-March 2025 levels
CryptoPolitan reports that decentralized exchange (DEX) trading activity extended its downturn in Q1 2026, reaching its weakest point in nearly a year. Weekly DEX volume totaled about $41.07 billion, broadly in line with the $41.6 billion seen at the end of March 2025.
Ethereum recorded a notable pullback in activity. DEX volume as a share of centralized exchange volume fell to 14.1%, down from a peak above 21% in summer 2025.
Solana remained the busiest chain, posting $11.42 billion in weekly trading volume. Activity was driven mainly by PumpSwap, alongside a steady stream of new token launches on Pump.fun.