PANews reported on September 3rd that according to data from The Block, monthly spot trading volume on cryptocurrency exchanges reached $1.86 trillion in August, a 5% increase from $1.77 trillion in July, reaching its highest level since January of this year. Binance maintained its leading market share with $737.1 billion in trading volume, a nearly $31 billion increase month-over-month. Bybit and Bitget recorded $12.65 billion and $12.61 billion in trading volume, respectively.

Furthermore, decentralized exchange (DEX) trading volume climbed to $368.8 billion in August, the highest since January. Uniswap led the way with $143 billion, followed by PancakeSwap with $58.7 billion. Notably, investor interest in Ethereum has increased significantly recently. US spot Ethereum ETFs saw inflows of $3.87 billion in August, while Bitcoin ETFs saw outflows of $751 million during the same period.