The share of DEX volume on Ethereum dipped below 70% in April, down from its multi-year peak of nearly 80%, as USDC's depegging shook the DeFi market.
![Ethereum [ETH] declines on this front; the reason will not surprise you](https://images.cryptocompare.com/news/default/ambcrypto.png "Ethereum [ETH] declines on this front; the reason will not surprise you")
