TheBlock
2020-02-14 23:17:47

Relative DEX arbitrage profits decline suggesting significant efficiency gains

Quick TakeAggregate DEX volumes are up 32.53% month-on-month, while January 2020 volumes grew 223% versus January 2019The top 10 DEX traders executed 48% of all DEX trades over the past 12 monthsThe largest DEX arbitrageur netted 14% of arbitrage profits over the past 12 months Declining arbitrage profits versus DEX volume suggests significant market efficiency improvements over the past 12 months

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