Decentralized Exchanges (DEXs), blockchain protocols that facilitate the trustless transfer of crypto assets, exploded in popularity last year.
However, the two largest, Uniswap ($UNI) and PancakeSwap ($CAKE) have both seen a steady decline in price since June of 2021.

Underlying Mentions suggest that usage is still on the rise. With more than $13B worth of locked crypto value between them, we’re expecting to see a strong price for the recovery of the DEXs in the event of a broader market turnaround.