Buying and selling quantity on Ethereum’s decentralized exchanges rose 45% to $74 billion in August.
Automated buying and selling methods are taking on Ethereum’s decentralized exchanges (DEXs), with bots accounting for greater than 73% of DEX buying and selling quantity in August — their highest share in 2025 — as spot ETH buying and selling quantity hit an all-time excessive, in response to information compiled by crypto trade CEX.IO.
Buying and selling volumes for ETH on prime centralized exchanges reached $519 billion in August, up 55% from July, whereas Ethereum-based DEXs processed $74 billion in quantity, a forty five% improve.
CEX.IO analysts clarify that the surge was fueled by merchants “more and more reallocating funds towards ETH on the expense of different digital belongings, together with Bitcoin.”
Ethereum’s community exercise additionally spiked. Month-to-month energetic addresses soared to 9.6 million, whereas transactions hit 51.8 million, setting document ranges at the same time as common charges fell almost 40% to simply $0.20, the report reads.
Bots Enjoying a ‘Constructive Position’
However falling charges additionally turned out to be a double-edged sword, as this allowed bots to commerce quicker whereas pumping up DEX volumes. Though bots are sometimes related to frontrunning and sandwich assaults, the analysts say their rising presence within the stablecoin market “highlights a extra constructive position.”
“By supplying fixed liquidity and executing trades at scale, automated methods are more and more serving to to enhance market effectivity, speed up stablecoin adoption, and improve DEX efficiency — finally a web optimistic for each customers and protocols,” the report reads.
Whereas bots would possibly assist increase liquidity, Chainalysis present in early 2025 that many are literally getting used for market manipulation. In response to the analytics firm’s report, in 2024, round 23,400 addresses have been linked to potential wash buying and selling throughout Ethereum, BNB Chain, and Base, with a number of high-volume addresses accountable for almost half of the $2.57 billion in flagged trades.
Round 3.6% of all tokens launched final yr — about 74,000 — confirmed patterns that could possibly be linked to pump-and-dump schemes, with most suspicious DEX swimming pools being deserted inside only a week.
