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USDC hits $2.8B daily DEX volume as DeFi activity reaches multi-month highs

Protocol Fundamentals
22 Aug 2026
Crypto Briefing
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Bullish
USDC hits $2.8B daily DEX volume as DeFi activity reaches multi-month highs

USDC's daily trading volume on decentralized exchanges surged to $2.8 billion, marking a 30-day high amid a broader DeFi volume recovery. USDC now accounts for about 77% of adjusted on-chain transfer volume year-to-date, with $32 trillion settled through August 2026. Much of this activity is driven by liquidity provision and automated trading on platforms like Base and Solana. This growth highlights USDC's strong position in DeFi, supported by Circle's regulatory compliance and institutional trust, though volume may fluctuate with market conditions.

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