Celo DEX volume hits $1B in 7 days
Over the past 7 days, total DEX volume on Celo increased by 192% and reached $1.06B. This puts Celo ahead of Avalanche, Sonic, and Polygon in terms of DEX volume.
More than $1B of this volume was generated by the Mento protocol, which facilitates the creation of overcollateralized stablecoins backed by exogenous crypto assets, including cUSD, cEUR, and others.