Cryptocurrency exchange trading volume topped $1.86 trillion in August, the highest since January

It was revealed that the spot trading volume of cryptocurrency exchanges in August reached $1.86 trillion, the highest level since January.
The Block reported that spot trading volume on cryptocurrency exchanges last month increased by about 5% from the previous month of July, reaching $1.77 trillion, marking the most active monthly trading activity this year.
According to The Block's data dashboard, Binance still held the largest market share by exchange.
Trading volume increased from $706.1 billion in July to $737.1 billion in August, the highest level since January's record of $801.1 billion. Bybit followed with 1,265.
The increase in trading volume in August reflects investors' preference for Ethereum in recent weeks.
According to data from SoSoValue, US spot Ethereum exchange-traded funds (ETFs) recorded net inflows of $3.87 billion in August, while Bitcoin
ETFs saw a net outflow of $751.1 million during the same period. Meanwhile, trading volume on decentralized exchanges (DEX) also hit $368.8 billion in August, the highest since January.
Uniswap took the top spot with $143 billion, followed by PancakeSwap with $58.7 billion.