Introduction

Over the past 60 days, the price of Ethereum (ETH) has exhibited a consistent downward trend. In light of this, our objective is to delve into the dynamics of ETH trading within decentralized exchanges (DEXs) during this specific timeframe. To accomplish this, we've conducted a comprehensive analysis of the movement of ETH tokens into and out of DEX pools. This analytical approach, often referred to as NETflow, provides valuable insights into the net accumulation or depletion of ETH within the DEX ecosystem over the observed period.

Inflow refers to the total value of Ethereum (ETH) tokens that have entered decentralized exchange (DEX) pools. This influx of ETH tokens typically indicates a trend of selling or exchanging ETH within the DEX ecosystem.

Outflow represents the total value of Ethereum (ETH) tokens that have exited DEX pools. An outflow generally signifies a trend of buying or acquiring ETH within the DEX environment. In essence, inflow and outflow data provide valuable insights into the trading activity and liquidity dynamics of ETH within decentralized exchanges.

How Have ETH Trades on DEX Evolved Over the Last 60 Days?