Data from Dune Analytics as of Jan. 15 reveals that DEXs, Uniswap, Curve Finance and SushiSwap among them, are seeing a surge in trading volumes as money flows into the DeFi market. 

• The total volume for this month is poised to be the highest ever, with the current volume of roughly $26 billion falling shy of Sep. 2020’s record of $29 billion with a half a month remaining
• DEX volume had slowed down in Q4 2020, dropping for the first time since Apr. 2020, but the bull market has injected new life into the market; 
• Uniswap remains the most popular DEX by far, with 46.8% of the market share, a position it has maintained since the middle of 2020
• TVL of DEXs has also grown sharply since the start of Jan. 2021, with Uniswap close to reaching its ATH, sitting at $2.79 billion at the time of publishing
• Both Curve Finance and SushiSwap have recorded ATH TVLs of $1.97 and $1.76 billion respectively, helped by the flow of profits into the DeFi market
• Several decentralized exchanges are preparing for a milestone year, with Uniswap expected to launch v3 of its platform, while Bancor released v2.1, of its protocol which comes with features like impermanent loss protection
• The DeFi market as a whole is thriving, with more products and better usability, as well as novel products like insurance coverage