Ethereum Sets Record $135B DEX Volume in August 2025
- Ethereum achieves $135B DEX volume in August 2025.
- Record on-chain activity, $240B TVL observed.
- Strong DeFi and institutional involvement highlighted.
Ethereum set new on-chain records in August 2025, achieving $135 billion in DEX volume and $240 billion in TVL, with nearly 48 million transactions, signaling enhanced DeFi engagement.
The records indicate increased institutional interest, with spot ETH ETFs now holding about 5% of circulating ETH, driving Ethereum’s price and reinforcing its DeFi dominance.
Ethereum surpassed on-chain records in August 2025, with $135B in DEX volume, 47 million transactions, and $240B in TVL. These figures signify increased DeFi and institutional engagement, marking a period of heightened activity on its network.
The co-founder, Vitalik Buterin, frequently discusses Ethereum’s scalability and governance, while the Ethereum Foundation has not yet officially commented on these records. Institutional involvement is evident with ETFs holding 5% of ETH supply.
The surge in DEX volume reflects broader institutional participation, with effects seen in DeFi protocols and ETH’s market trajectory. Corporate ETH holdings rose to $12B, indicating robust confidence among major market players.
The financial implications extend to notable price action in ETH, reaching $4,352, and heightened interest in staking. DeFi blue chips like UNI and AAVE also witnessed increased volumes, underscoring their resilience and market appeal.
Reduced gas fees have made Ethereum transactions more accessible, further boosting network activity. The institutional and governmental engagement suggests a trend towards blockchain transparency and efficiency.
Historical trends during bull runs in May and late 2021 saw similar surges. However, August 2025 uniquely signifies an evolution driven by institutional endorsement and government engagement. Regulatory frameworks may adjust to accommodate increasing blockchain adoption.
Our roadmap prioritizes reducing rollup costs to increase network capacity and support long-term DeFi growth. — Vitalik Buterin, Co-founder, Ethereum
