Spot trading volume on Ethereum has returned to October 2023 level In July, the total monthly spot trading volume on Ethereum DEXs fell to $29B , which is 76% below the ATH of $122B set in August 2025 .
Trading volume has been declining by an average of 12.5% per month
If this pace continues, it will take another ~3 months to reach the 5-year low of $21.2B . 👉 https://