Key Notes

The market volatility is hinting at a stronger incoming altseason.

Ethereum’s monthly DEX volume broke the $140 billion mark.

The strengthened on-chain activity means more users and increased utility across DeFi.

The cryptocurrency market, including the high-value coins like Bitcoin ( BTC ) and Ethereum ( ETH ), recorded unexpected and highly volatile movements over the past month.

Overall, BTC is down by 6% in the past 30 days while ETH gained 22% in the same timeframe.

While these movements have cost the market billions, data from DefiLlama shows that the Ethereum monthly decentralized exchange volume broke a new record, surpassing $140 billion in August.

The volume surpassed the May 2021 all-time high of $117.6 billion by a significant margin.

Moreover, the incre

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