1inch, a top
DeFi trading platform, just set a new all-time high in daily trading volume.
On June 9, its 24-hour trading volume hit $7.26 billion, breaking all past records. This major spike is making people wonder: Is a new ā
DeFi Summerā starting?
š Latest Numbers from 1inch
According to Dune Analytics:
ā
24-hour volume: $4.52 billion (latest)š All-time record: $7.26 billion (June 9)š Transactions (last 24h): 113,762š° Total volume so far: $649.6 billion
š„ What Is DeFi Summer?
DeFi Summer was a hot time in 2021 when:
People rushed into decentralized financePlatforms like 1inch, Uniswap, and SushiSwap grew fastMany earned money through yield farming and new DeFi tokens
At its peak, over 80% of on-chain volume came from DeFi apps.
š” Is DeFi Summer 2.0 Starting?
Hereās why experts think it might be:
Bitcoin and Ethereum are rising fast šRetail and big investors are jumping back inDaily DEX trading is now $12.8 billionDeFiās market share is now 20.5%
š Key Takeaways
1inch set a new trading recordVolume spike could signal a
new DeFi boomDeFi is gaining more attention from investors and users
$1INCH $DOGE $XRP #DeFiSummer #1inch #DEX #Ethereum #Web3Finance