Waves decentralized exchange has seen over $5.4 million in trading volume over the past 24 hours according to a report of NewsBTC. It is a new milestone for the exchange, which reiterates the importance of decentralization within the crypto space.
Waves has updated its user interface and internal engine of its decentralized exchange to attract more traders to the platform which currently has 275,564 wallets created on the exchange and has $5,451,219 trading volume within the past day.
The rise in decentralized exchanges, which allows for data privacy and more security from hacking attempts seen on centralized exchanges, has pushed Waves decentralized exchange push record trading volumes. One of the key factors which most decentralized exchanges suffer from is a lack of usability and slow and complex user interfaces.
Waves have made changes to their entire DEX to facilitate the growing demand of users as well as offering low trading fees and fast execution coupled with unlimited withdrawals and support for trading of any cryptocurrency pair.